https://www.taxtmi.com/article/detailed?id=5539 Assessment under the Act requires the assessing authority to allow production of returns, books and evidences and, after examination, either accept the dealer's declared turnover or, if dissatisfied, issue a show cause notice and then either accept the reply or determine turnover to the best of its judgment. Where opportunity to produce records was afforded but not used, best judgment assessment may be made without a show cause notice; nevertheless such assessment must be based on available materials and not on mere assumptions or interpolation. en-us Tue, 25 Mar 2014 09:09:42 +0530 Tue, 25 Mar 2014 09:09:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5539 Assessment under the Act requires the assessing authority to allow production of returns, books and evidences and, after examination, either accept the dealer's declared turnover or, if dissatisfied, issue a show cause notice and then either accept the reply or determine turnover to the best of its judgment. Where opportunity to produce records was afforded but not used, best judgment assessment may be made without a show cause notice; nevertheless such assessment must be based on available materials and not on mere assumptions or interpolation. Articles Value Added Tax - VAT and CST Tue, 25 Mar 2014 09:09:42 +0530 https://www.taxtmi.com/article/detailed?id=5539