https://www.taxtmi.com/highlights?id=61958 Best judgement assessment - There appears to be divergents views insofar as the question as to whether the consumption of electricity can constitute the sole basis for making a best judgment assessment. However, in the present case, the best judgment assessment was not only necessitated by the survey report/case study on electricity consumption vis-a-vis production of jelly, but also the fact that the books of accounts maintained by the petitioner suffered from defects - Any best Judgment assessment is likely to be an over-estimate or an under-estimate, but that itself does not supply a reason or ground for interfering with the same. - HC en-us Wed, 16 Feb 2022 11:34:10 +0530 Wed, 16 Feb 2022 11:34:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61958 Best judgement assessment - There appears to be divergents views insofar as the question as to whether the consumption of electricity can constitute the sole basis for making a best judgment assessment. However, in the present case, the best judgment assessment was not only necessitated by the survey report/case study on electricity consumption vis-a-vis production of jelly, but also the fact that the books of accounts maintained by the petitioner suffered from defects - Any best Judgment assessment is likely to be an over-estimate or an under-estimate, but that itself does not supply a reason or ground for interfering with the same. - HC Highlights VAT and Sales Tax Wed, 16 Feb 2022 11:34:10 +0530 https://www.taxtmi.com/highlights?id=61958