https://www.taxtmi.com/caselaws?id=180183 An assessment made to the best of judgment under the Income-tax Act is not arbitrary where accounts are unreliable, but it must comply with natural justice. If the estimate rests on private enquiries or independently collected information, the assessee must be disclosed the material relied on and given a fair opportunity to show that the comparable cases are not truly comparable or otherwise rebut the estimate. A random assessment based on undisclosed material cannot be sustained. The assessment was therefore set aside for fresh consideration after disclosure and hearing. en-us Fri, 14 Mar 1958 00:00:00 +0530 Fri, 18 Mar 2016 12:12:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180183 An assessment made to the best of judgment under the Income-tax Act is not arbitrary where accounts are unreliable, but it must comply with natural justice. If the estimate rests on private enquiries or independently collected information, the assessee must be disclosed the material relied on and given a fair opportunity to show that the comparable cases are not truly comparable or otherwise rebut the estimate. A random assessment based on undisclosed material cannot be sustained. The assessment was therefore set aside for fresh consideration after disclosure and hearing. Case-Laws Income Tax Fri, 14 Mar 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180183