https://www.taxtmi.com/caselaws?id=290965 A best-judgment assessment under section 23(4) of the Income-tax Act, 1922 does not, by itself, raise a referable question of law under section 66(3), because the officer is required to make an estimated assessment where statutory defaults occur and the mere fact of estimation or alleged arbitrariness remains within the statutory scheme. In an appeal from refusal to cancel such an assessment under section 27, the issue is whether the assessee showed sufficient cause for non-compliance, which is primarily factual; only the existence of supporting material for that finding may present a limited legal question. The broader challenge to the original assessment therefore fails. en-us Mon, 23 Mar 1931 00:00:00 +0530 Fri, 23 Oct 2020 13:57:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290965 A best-judgment assessment under section 23(4) of the Income-tax Act, 1922 does not, by itself, raise a referable question of law under section 66(3), because the officer is required to make an estimated assessment where statutory defaults occur and the mere fact of estimation or alleged arbitrariness remains within the statutory scheme. In an appeal from refusal to cancel such an assessment under section 27, the issue is whether the assessee showed sufficient cause for non-compliance, which is primarily factual; only the existence of supporting material for that finding may present a limited legal question. The broader challenge to the original assessment therefore fails. Case-Laws Income Tax Mon, 23 Mar 1931 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290965