https://www.taxtmi.com/caselaws?id=12 Section 72 best-judgment assessment required the order to record rejection of accounts as incorrect or incomplete and to explain the basis for treating brokerage as taxable service. The Tribunal found those foundational findings absent, and also held that Section 67 does not create a deeming provision that automatically fixes valuation of taxable service. Because the assessment order lacked the necessary factual and legal reasoning, unconditional stay was granted. The SC upheld that approach and dismissed the revenue's appeal. en-us Mon, 16 Nov 1998 00:00:00 +0530 Fri, 26 Feb 2016 15:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12 Section 72 best-judgment assessment required the order to record rejection of accounts as incorrect or incomplete and to explain the basis for treating brokerage as taxable service. The Tribunal found those foundational findings absent, and also held that Section 67 does not create a deeming provision that automatically fixes valuation of taxable service. Because the assessment order lacked the necessary factual and legal reasoning, unconditional stay was granted. The SC upheld that approach and dismissed the revenue's appeal. Case-Laws Service Tax Mon, 16 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12