https://www.taxtmi.com/caselaws?id=160471 Best judgment assessment under the Bengal Finance (Sales Tax) Act must be a fair and honest estimate based on material, including the assessee's records, prior returns, and relevant circumstances. A capricious or excessive enhancement unsupported by recorded reasons cannot stand. Here, the steep increase in gross turnover was disproportionate to the books and earlier assessments, and the minor discrepancy in returns did not justify the departure. The assessment, appellate, and revisional orders were set aside, and the matter was remanded for fresh assessment on available materials. en-us Thu, 20 Nov 1997 00:00:00 +0530 Wed, 18 Dec 2013 17:21:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160471 Best judgment assessment under the Bengal Finance (Sales Tax) Act must be a fair and honest estimate based on material, including the assessee's records, prior returns, and relevant circumstances. A capricious or excessive enhancement unsupported by recorded reasons cannot stand. Here, the steep increase in gross turnover was disproportionate to the books and earlier assessments, and the minor discrepancy in returns did not justify the departure. The assessment, appellate, and revisional orders were set aside, and the matter was remanded for fresh assessment on available materials. Case-Laws VAT and Sales Tax Thu, 20 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160471