https://www.taxtmi.com/caselaws?id=184973 Best judgment assessment under the Income-tax Act was treated as a quasi-judicial fact-finding exercise for the Income-tax Officer on the materials before him. The officer could reject oral evidence, make honest inspection and observation, and form a fair estimate of income, and that process was not open to review as a general appeal on evidence. As no departure from the statutory procedure was shown, the proposed issue was not a true question of law and notice was refused. en-us Fri, 03 Feb 1928 00:00:00 +0530 Tue, 26 Jul 2016 18:17:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184973 Best judgment assessment under the Income-tax Act was treated as a quasi-judicial fact-finding exercise for the Income-tax Officer on the materials before him. The officer could reject oral evidence, make honest inspection and observation, and form a fair estimate of income, and that process was not open to review as a general appeal on evidence. As no departure from the statutory procedure was shown, the proposed issue was not a true question of law and notice was refused. Case-Laws Income Tax Fri, 03 Feb 1928 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184973