Penalty Deleted as Assessment Based on Book Entries, Not Best Judgment, Despite Discrepancies in Filed Returns. https://www.taxtmi.com/highlights?id=27148 Nature of assessment - best judgment assessment or not - the entries in the books of account varying with returns filed are relied upon and then the assessment has been completed. - cannot be held as best judgement assessment - levy of penalty deleted - HC en-us Mon, 01 Feb 2016 15:16:11 +0530 Mon, 01 Feb 2016 15:16:11 +0530 TaxTMI RSS Generator Penalty Deleted as Assessment Based on Book Entries, Not Best Judgment, Despite Discrepancies in Filed Returns. https://www.taxtmi.com/highlights?id=27148 Nature of assessment - best judgment assessment or not - the entries in the books of account varying with returns filed are relied upon and then the assessment has been completed. - cannot be held as best judgement assessment - levy of penalty deleted - HC Highlights VAT and Sales Tax Mon, 01 Feb 2016 15:16:11 +0530 https://www.taxtmi.com/highlights?id=27148