Best Judgment Assessments in VAT Must Be Fair, Not Arbitrary or Whimsical, Ensuring Reasonable Tax Practices.

Best Judgment Assessments in VAT Must Be Fair, Not Arbitrary or Whimsical, Ensuring Reasonable Tax Practices. https://www.taxtmi.com/highlights?id=23763 Best Judgement - scope of estimation - While best of judgment assessment may involve an element of guess work, but at the same time, it is settled law that it must be made bona fide and it cannot be whimsical or arbitrary. - HC en-us Mon, 13 Jul 2015 08:54:31 +0530 Mon, 13 Jul 2015 08:54:31 +0530 TaxTMI RSS Generator Best Judgment Assessments in VAT Must Be Fair, Not Arbitrary or Whimsical, Ensuring Reasonable Tax Practices. https://www.taxtmi.com/highlights?id=23763 Best Judgement - scope of estimation - While best of judgment assessment may involve an element of guess work, but at the same time, it is settled law that it must be made bona fide and it cannot be whimsical or arbitrary. - HC Highlights VAT and Sales Tax Mon, 13 Jul 2015 08:54:31 +0530 https://www.taxtmi.com/highlights?id=23763