https://www.taxtmi.com/caselaws?id=164946 Rule 39(5)(iv) of the KVAT Rules requires a single best judgment assessment only when the assessment process is initiated after the expiry of the relevant year and covers more than one return period; where audit assessment proceedings were begun during the financial year and were already in progress before year-end, separate monthly assessments were permissible. A turnover estimate based on inspection material showing the actual business mix was treated as a factual finding, and the appellate estimate was found reasonable. No substantial question of law arose in revision, so the modified assessment orders were sustained. en-us Mon, 18 Oct 2010 00:00:00 +0530 Fri, 20 Nov 2015 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164946 Rule 39(5)(iv) of the KVAT Rules requires a single best judgment assessment only when the assessment process is initiated after the expiry of the relevant year and covers more than one return period; where audit assessment proceedings were begun during the financial year and were already in progress before year-end, separate monthly assessments were permissible. A turnover estimate based on inspection material showing the actual business mix was treated as a factual finding, and the appellate estimate was found reasonable. No substantial question of law arose in revision, so the modified assessment orders were sustained. Case-Laws VAT and Sales Tax Mon, 18 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164946