https://www.taxtmi.com/caselaws?id=157580 Best-judgment assessment must rest on relevant material and a fair approximation, not a rule-of-thumb estimate. The Tribunal could not restore a Central Sales Tax addition without addressing the appellate finding that there was no material to show inter-State sales and without considering the effect of the remand in the State proceedings. An estimated turnover of Rs. 40,000 also failed because the assessment order disclosed no supporting material and did not show an honest, rational basis for the figure. The Tribunal's order was set aside and the matter remitted for fresh decision in accordance with law. en-us Thu, 21 Jan 1993 00:00:00 +0530 Tue, 08 Oct 2013 14:05:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157580 Best-judgment assessment must rest on relevant material and a fair approximation, not a rule-of-thumb estimate. The Tribunal could not restore a Central Sales Tax addition without addressing the appellate finding that there was no material to show inter-State sales and without considering the effect of the remand in the State proceedings. An estimated turnover of Rs. 40,000 also failed because the assessment order disclosed no supporting material and did not show an honest, rational basis for the figure. The Tribunal's order was set aside and the matter remitted for fresh decision in accordance with law. Case-Laws VAT and Sales Tax Thu, 21 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157580