https://www.taxtmi.com/caselaws?id=155142 Best judgment reassessment under section 12 of the Rajasthan Sales Tax Act, 1954 was held permissible for assessment years before the 1969 explanation was inserted, because the explanation was treated as clarificatory rather than as creating a new post-amendment power. The Court applied the principle that reassessment is a fresh assessment and relied on Supreme Court authority recognising best judgment in reassessment proceedings. It rejected the view that the power was confined to periods after 2 May 1969, and upheld reassessment of escaped turnover for the earlier years in favour of Revenue. en-us Mon, 10 Mar 1986 00:00:00 +0530 Sat, 31 Aug 2013 16:51:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155142 Best judgment reassessment under section 12 of the Rajasthan Sales Tax Act, 1954 was held permissible for assessment years before the 1969 explanation was inserted, because the explanation was treated as clarificatory rather than as creating a new post-amendment power. The Court applied the principle that reassessment is a fresh assessment and relied on Supreme Court authority recognising best judgment in reassessment proceedings. It rejected the view that the power was confined to periods after 2 May 1969, and upheld reassessment of escaped turnover for the earlier years in favour of Revenue. Case-Laws VAT and Sales Tax Mon, 10 Mar 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155142