https://www.taxtmi.com/caselaws?id=158792 Best judgment assessment under section 18(4) of the M.P. General Sales Tax Act is intended to reach a fair and proper estimate of taxable turnover, having regard to business extent, surrounding circumstances, and other relevant matters. The authority is not confined to enhancing turnover, and where regular books of account are maintained and not rejected, they may be used as the basis for a fair estimate. The assessment must be bona fide and non-arbitrary; enhancement is not an essential ingredient of the process. en-us Thu, 22 Feb 1996 00:00:00 +0530 Thu, 07 Nov 2013 14:31:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158792 Best judgment assessment under section 18(4) of the M.P. General Sales Tax Act is intended to reach a fair and proper estimate of taxable turnover, having regard to business extent, surrounding circumstances, and other relevant matters. The authority is not confined to enhancing turnover, and where regular books of account are maintained and not rejected, they may be used as the basis for a fair estimate. The assessment must be bona fide and non-arbitrary; enhancement is not an essential ingredient of the process. Case-Laws VAT and Sales Tax Thu, 22 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158792