https://www.taxtmi.com/caselaws?id=6181 Best judgment additions under income-tax law cannot stand where the accounts are not shown to be unreliable by material defects. Minor isolated mistakes in one assessment year did not justify rejection of the accounts for the remaining years, and an estimated addition based on inadequate reasons and an arbitrary method was held unsustainable. The principle applied is that an estimated assessment must rest on a rational basis and discernible defects in the books; absent that foundation, the addition fails in law and the position is in favour of the assessee. en-us Mon, 20 Apr 1970 00:00:00 +0530 Mon, 23 Jun 2025 16:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6181 Best judgment additions under income-tax law cannot stand where the accounts are not shown to be unreliable by material defects. Minor isolated mistakes in one assessment year did not justify rejection of the accounts for the remaining years, and an estimated addition based on inadequate reasons and an arbitrary method was held unsustainable. The principle applied is that an estimated assessment must rest on a rational basis and discernible defects in the books; absent that foundation, the addition fails in law and the position is in favour of the assessee. Case-Laws Income Tax Mon, 20 Apr 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6181