https://www.taxtmi.com/caselaws?id=182095 Rejection of an assessee's accounting method does not bind the revenue to that basis; once it is discarded, the assessing authority may adopt another reasonable method of computation, but the assessment must show the basis used to reach the figures. Any addition to income, including an adjustment for kasar, cannot rest on general assumptions about market practice or alleged short measurement without evidence specific to the assessee. The operative requirement is that the reassessment be made on a proper footing supported by material, not unsupported suspicion. en-us Tue, 31 Dec 1935 00:00:00 +0530 Mon, 02 May 2016 17:06:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182095 Rejection of an assessee's accounting method does not bind the revenue to that basis; once it is discarded, the assessing authority may adopt another reasonable method of computation, but the assessment must show the basis used to reach the figures. Any addition to income, including an adjustment for kasar, cannot rest on general assumptions about market practice or alleged short measurement without evidence specific to the assessee. The operative requirement is that the reassessment be made on a proper footing supported by material, not unsupported suspicion. Case-Laws Income Tax Tue, 31 Dec 1935 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182095