https://www.taxtmi.com/caselaws?id=164215 An assessment made after the dealer complied with notice under section 11(2), appeared, and produced books of account was treated as an ordinary assessment under section 11(3) of the Punjab General Sales Tax Act, 1948, because it was based on returns and record rather than on guesswork. Best judgment assessment under section 11(4) or section 11(5) was confined to cases where the dealer failed to comply with the notice or failed to file returns. The text also states that the statutory scheme treats the financial year as the unit of assessment, even where quarterly returns are required, and that assessment is not limited to the quarter in which returns are filed. en-us Fri, 08 May 2009 00:00:00 +0530 Sun, 09 Nov 2014 21:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164215 An assessment made after the dealer complied with notice under section 11(2), appeared, and produced books of account was treated as an ordinary assessment under section 11(3) of the Punjab General Sales Tax Act, 1948, because it was based on returns and record rather than on guesswork. Best judgment assessment under section 11(4) or section 11(5) was confined to cases where the dealer failed to comply with the notice or failed to file returns. The text also states that the statutory scheme treats the financial year as the unit of assessment, even where quarterly returns are required, and that assessment is not limited to the quarter in which returns are filed. Case-Laws VAT and Sales Tax Fri, 08 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164215