https://www.taxtmi.com/caselaws?id=159054 Appellate interference with a best judgment assessment estimate is justified only if the lower authority's discretion is palpably wrong or capricious on the record. The first appellate authority had considered the inspection report, defects in accounts, and extent of suppression before reducing the addition as excessive. The Tribunal was therefore not justified in substituting its own view merely because it thought the inspection material had not been fully weighed. The revision succeeded and the first appellate authority's estimate was restored in favour of the assessee. en-us Tue, 29 Oct 1996 00:00:00 +0530 Thu, 14 Nov 2013 12:58:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159054 Appellate interference with a best judgment assessment estimate is justified only if the lower authority's discretion is palpably wrong or capricious on the record. The first appellate authority had considered the inspection report, defects in accounts, and extent of suppression before reducing the addition as excessive. The Tribunal was therefore not justified in substituting its own view merely because it thought the inspection material had not been fully weighed. The revision succeeded and the first appellate authority's estimate was restored in favour of the assessee. Case-Laws VAT and Sales Tax Tue, 29 Oct 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159054