https://www.taxtmi.com/highlights?id=48763 Best Judgement assessment u/s 144 - estimation of income @12 or 8% - keeping in mind the judicial guideline available on issue, that after rejection of accounts, the income of the assessee is to be estimated on some reasonable basis for which comparable case and history of the assessee can be taken as a guide - it is fair, reasonable and logical to apply an average rate of two earlier years(@3.5%) en-us Tue, 20 Aug 2019 07:58:31 +0530 Tue, 20 Aug 2019 07:57:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48763 Best Judgement assessment u/s 144 - estimation of income @12 or 8% - keeping in mind the judicial guideline available on issue, that after rejection of accounts, the income of the assessee is to be estimated on some reasonable basis for which comparable case and history of the assessee can be taken as a guide - it is fair, reasonable and logical to apply an average rate of two earlier years(@3.5%) Highlights Income Tax Tue, 20 Aug 2019 07:58:31 +0530 https://www.taxtmi.com/highlights?id=48763