Joint Venture's Books Rejected, Profit Estimated at 10% of Gross Receipts Due to Best Judgment Assessment. https://www.taxtmi.com/highlights?id=4925 Best judgement assessment - rejection of books of account - joint venture is making profit without executing any work. - Estimation of profit at 10% of the gross receipts directed. - AT en-us Thu, 23 Aug 2012 07:21:08 +0530 Thu, 23 Aug 2012 07:21:08 +0530 TaxTMI RSS Generator Joint Venture's Books Rejected, Profit Estimated at 10% of Gross Receipts Due to Best Judgment Assessment. https://www.taxtmi.com/highlights?id=4925 Best judgement assessment - rejection of books of account - joint venture is making profit without executing any work. - Estimation of profit at 10% of the gross receipts directed. - AT Highlights Income Tax Thu, 23 Aug 2012 07:21:08 +0530 https://www.taxtmi.com/highlights?id=4925