https://www.taxtmi.com/caselaws?id=185073 Where an assessee files a return and produces accounts in compliance with a requisition, the taxing authority cannot reject them and make a best-judgment assessment without first issuing notice under section 23(2) and giving the assessee an opportunity to meet objections. An assessment made without that statutory notice was held illegal. The use of section 13 also failed because the estimate was not based on any disclosed material or rational foundation and was treated as a mere guess. The assessment procedure was required to remain judicial and reasoned, and the accounts furnished could not be discarded arbitrarily. en-us Wed, 20 Jan 1926 00:00:00 +0530 Fri, 29 Jul 2016 17:46:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185073 Where an assessee files a return and produces accounts in compliance with a requisition, the taxing authority cannot reject them and make a best-judgment assessment without first issuing notice under section 23(2) and giving the assessee an opportunity to meet objections. An assessment made without that statutory notice was held illegal. The use of section 13 also failed because the estimate was not based on any disclosed material or rational foundation and was treated as a mere guess. The assessment procedure was required to remain judicial and reasoned, and the accounts furnished could not be discarded arbitrarily. Case-Laws Income Tax Wed, 20 Jan 1926 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185073