https://www.taxtmi.com/caselaws?id=166179 Limitation under the Income-tax Act is met when the assessment order is made within the prescribed time; later service of the order copy or demand notice does not affect validity. The Andhra Pradesh HC therefore upheld the assessment as not time-barred. In a best judgment assessment, the estimate must be a fair one based on relevant material, past conduct and surrounding circumstances, not mere suspicion. The income estimate was supported by the record and was sustained in law. en-us Fri, 22 Sep 1961 00:00:00 +0530 Thu, 28 Aug 2014 11:37:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166179 Limitation under the Income-tax Act is met when the assessment order is made within the prescribed time; later service of the order copy or demand notice does not affect validity. The Andhra Pradesh HC therefore upheld the assessment as not time-barred. In a best judgment assessment, the estimate must be a fair one based on relevant material, past conduct and surrounding circumstances, not mere suspicion. The income estimate was supported by the record and was sustained in law. Case-Laws Income Tax Fri, 22 Sep 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166179