https://www.taxtmi.com/caselaws?id=382857 Best-judgment tax assessments were upheld where the assessing authority considered income-tax records, the Enforcement Wing proposal, the dealer's objections and personal hearing, and recorded independent findings; the Court held that such estimates may involve approximation if they are not arbitrary and have a rational nexus with the material on record. The writ petitions were also declined because an effective statutory appeal remedy was available under the tax statute, and the assessee was relegated to that remedy with liberty to seek condonation of delay and exclusion of writ-proceeding time. The impugned assessments were therefore not interfered with in writ jurisdiction. en-us Wed, 03 Jul 2019 00:00:00 +0530 Fri, 12 Jul 2019 07:02:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382857 Best-judgment tax assessments were upheld where the assessing authority considered income-tax records, the Enforcement Wing proposal, the dealer's objections and personal hearing, and recorded independent findings; the Court held that such estimates may involve approximation if they are not arbitrary and have a rational nexus with the material on record. The writ petitions were also declined because an effective statutory appeal remedy was available under the tax statute, and the assessee was relegated to that remedy with liberty to seek condonation of delay and exclusion of writ-proceeding time. The impugned assessments were therefore not interfered with in writ jurisdiction. Case-Laws VAT and Sales Tax Wed, 03 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382857