https://www.taxtmi.com/caselaws?id=175779 Best-judgment sales tax assessments may be set aside and reassessment permitted where the assessment is not properly grounded, but any fresh assessment must still rest on materials on record and a reasonable, intelligent estimate rather than conjecture or fancy. The Court upheld the High Court's order interfering under Article 226 and allowing reassessment to proceed. It also clarified that, for the reassessment year 1964-65, the assessee could not successfully invoke limitation in view of the amended second proviso to Section 21(2) of the U.P. Sales Tax Act. The challenge to the High Court's order therefore failed, subject to the guidance on how reassessment was to be made. en-us Tue, 23 Sep 1975 00:00:00 +0530 Fri, 04 Dec 2015 17:49:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175779 Best-judgment sales tax assessments may be set aside and reassessment permitted where the assessment is not properly grounded, but any fresh assessment must still rest on materials on record and a reasonable, intelligent estimate rather than conjecture or fancy. The Court upheld the High Court's order interfering under Article 226 and allowing reassessment to proceed. It also clarified that, for the reassessment year 1964-65, the assessee could not successfully invoke limitation in view of the amended second proviso to Section 21(2) of the U.P. Sales Tax Act. The challenge to the High Court's order therefore failed, subject to the guidance on how reassessment was to be made. Case-Laws VAT and Sales Tax Tue, 23 Sep 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175779