https://www.taxtmi.com/caselaws?id=155914 In a best judgment assessment triggered by late filing of returns, the taxing authority may make a reasonable estimate from available materials, including accounts, past conduct, and business volume, rather than confining itself to the dealer's returned figures. Such estimation may involve some guesswork, but it must not be arbitrary. Applying that principle, the enhancement of turnover by adding different profit margins to different classes of goods was upheld because the dealer traded in goods taxable at different rates and the accounts showed distinct classes of business. The bifurcation and enhancement were therefore treated as justified on the facts. en-us Wed, 25 Jul 1990 00:00:00 +0530 Tue, 10 Sep 2013 18:06:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155914 In a best judgment assessment triggered by late filing of returns, the taxing authority may make a reasonable estimate from available materials, including accounts, past conduct, and business volume, rather than confining itself to the dealer's returned figures. Such estimation may involve some guesswork, but it must not be arbitrary. Applying that principle, the enhancement of turnover by adding different profit margins to different classes of goods was upheld because the dealer traded in goods taxable at different rates and the accounts showed distinct classes of business. The bifurcation and enhancement were therefore treated as justified on the facts. Case-Laws VAT and Sales Tax Wed, 25 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155914