https://www.taxtmi.com/caselaws?id=163978 In best judgment assessment, suppression detected during road inspection, together with missing challans, incomplete account books and unexplained cash discrepancies, can justify estimation of suppressed turnover for the whole year rather than only the checked goods. Where the record shows no satisfactory explanation for such defects, the estimate is treated as supported by material and not arbitrary. In revisional jurisdiction, interference is warranted only if the assessment estimate lacks basis or is unreasonable. On these facts, restoration of the assessing authority's turnover estimate was upheld and the reduction made at first appeal was not sustained. en-us Wed, 10 Jan 2007 00:00:00 +0530 Tue, 15 Apr 2014 16:28:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163978 In best judgment assessment, suppression detected during road inspection, together with missing challans, incomplete account books and unexplained cash discrepancies, can justify estimation of suppressed turnover for the whole year rather than only the checked goods. Where the record shows no satisfactory explanation for such defects, the estimate is treated as supported by material and not arbitrary. In revisional jurisdiction, interference is warranted only if the assessment estimate lacks basis or is unreasonable. On these facts, restoration of the assessing authority's turnover estimate was upheld and the reduction made at first appeal was not sustained. Case-Laws VAT and Sales Tax Wed, 10 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163978