https://www.taxtmi.com/caselaws?id=168019 In best judgment assessment under the Tripura Sales Tax Act, a valid rejection of returned turnover may rest on rational grounds such as unusually low profit margin, higher closing stock, and failure to maintain proper accounts. Once the assessing authority reaches a non-arbitrary satisfaction that the return is incorrect or incomplete, a reasonable estimate and some guesswork are permissible. Writ jurisdiction under Article 226 does not permit reappreciation of the assessment record or substitution of a different view unless the assessment is shown to be irrational, arbitrary, or unsupported by relevant material. The result is that the assessment based on the relevant material is sustained and writ interference is not justified. en-us Mon, 30 Apr 2012 00:00:00 +0530 Thu, 08 Jan 2015 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168019 In best judgment assessment under the Tripura Sales Tax Act, a valid rejection of returned turnover may rest on rational grounds such as unusually low profit margin, higher closing stock, and failure to maintain proper accounts. Once the assessing authority reaches a non-arbitrary satisfaction that the return is incorrect or incomplete, a reasonable estimate and some guesswork are permissible. Writ jurisdiction under Article 226 does not permit reappreciation of the assessment record or substitution of a different view unless the assessment is shown to be irrational, arbitrary, or unsupported by relevant material. The result is that the assessment based on the relevant material is sustained and writ interference is not justified. Case-Laws VAT and Sales Tax Mon, 30 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168019