https://www.taxtmi.com/caselaws?id=157283 Best judgment assessment permits limited estimation, but turnover for an earlier assessment year cannot rest on presumed backward projection of later material. Estimated daily sales must have a relevant evidentiary nexus to the specific period assessed; an admission recorded in a later year, without proof of its applicability to earlier years, is insufficient. Liability fixed from 1 April 1980 and the related turnover findings lacked reliable supporting material and were therefore unsustainable. The substantive questions were resolved in favour of the assessee. en-us Mon, 23 Sep 1991 00:00:00 +0530 Thu, 27 Apr 2023 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157283 Best judgment assessment permits limited estimation, but turnover for an earlier assessment year cannot rest on presumed backward projection of later material. Estimated daily sales must have a relevant evidentiary nexus to the specific period assessed; an admission recorded in a later year, without proof of its applicability to earlier years, is insufficient. Liability fixed from 1 April 1980 and the related turnover findings lacked reliable supporting material and were therefore unsustainable. The substantive questions were resolved in favour of the assessee. Case-Laws VAT and Sales Tax Mon, 23 Sep 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157283