https://www.taxtmi.com/caselaws?id=160549 Best judgment assessment under the Andhra Pradesh General Sales Tax Act cannot be made merely because separate accounts for taxable and exempt turnover were not maintained. The assessing authority had accepted the books, purchases and turnover bifurcation, but recorded no finding that the return was incorrect or incomplete, no defect in the accounts, and no statutory basis for adding gross profit to the purchase value. In the absence of those preconditions, the estimated addition to sales turnover lacked legal foundation and was deleted in favour of the assessee. en-us Sat, 31 Mar 2001 00:00:00 +0530 Thu, 19 Dec 2013 18:50:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160549 Best judgment assessment under the Andhra Pradesh General Sales Tax Act cannot be made merely because separate accounts for taxable and exempt turnover were not maintained. The assessing authority had accepted the books, purchases and turnover bifurcation, but recorded no finding that the return was incorrect or incomplete, no defect in the accounts, and no statutory basis for adding gross profit to the purchase value. In the absence of those preconditions, the estimated addition to sales turnover lacked legal foundation and was deleted in favour of the assessee. Case-Laws VAT and Sales Tax Sat, 31 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160549