https://www.taxtmi.com/caselaws?id=159518 Best judgment assessment of turnover was upheld where the assessing authority rejected the assessee's accounts for defects and irregularities in restaurant operations and estimated turnover from consumption of foodgrains and other commodities used in the business. The proposition notice disclosed the proposed method of estimation, satisfying notice requirements as to the basis of determination. The court treated that method as rational on the facts and rejected the argument that a single fixed formula must govern every case of rejected accounts. Additions made in the estimation were also sustained because the precedents relied on by the assessee were found inapplicable on the facts. en-us Thu, 13 Sep 1990 00:00:00 +0530 Tue, 26 Nov 2013 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159518 Best judgment assessment of turnover was upheld where the assessing authority rejected the assessee's accounts for defects and irregularities in restaurant operations and estimated turnover from consumption of foodgrains and other commodities used in the business. The proposition notice disclosed the proposed method of estimation, satisfying notice requirements as to the basis of determination. The court treated that method as rational on the facts and rejected the argument that a single fixed formula must govern every case of rejected accounts. Additions made in the estimation were also sustained because the precedents relied on by the assessee were found inapplicable on the facts. Case-Laws VAT and Sales Tax Thu, 13 Sep 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159518