https://www.taxtmi.com/caselaws?id=6176 Best judgment assessment must rest on relevant material and a reasoned application of judgment; rejection of the assessee's books as unreliable does not, by itself, justify an arbitrary enhancement of income. Where the enhancing authority gave no basis for the increase and the appellate tribunal merely affirmed that approach without addressing the limited scope of best judgment assessment, the enhancement could not stand. The High Court was right to set aside the appellate orders, and the assessee's relief was maintained. en-us Mon, 01 Dec 1969 00:00:00 +0530 Mon, 01 Aug 2016 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6176 Best judgment assessment must rest on relevant material and a reasoned application of judgment; rejection of the assessee's books as unreliable does not, by itself, justify an arbitrary enhancement of income. Where the enhancing authority gave no basis for the increase and the appellate tribunal merely affirmed that approach without addressing the limited scope of best judgment assessment, the enhancement could not stand. The High Court was right to set aside the appellate orders, and the assessee's relief was maintained. Case-Laws Income Tax Mon, 01 Dec 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6176