https://www.taxtmi.com/caselaws?id=29200 Best judgment assessment is valid where the assessing authority makes an honest and fair estimate based on available material, including local knowledge, past returns, and prior assessments, even though some guesswork is unavoidable. Repeated non-compliance with notices and a history of ex parte assessments supported the estimates made for the relevant years. The assessee produced no credible material to prove the alleged losses during those years, and the estimate was consistent with earlier assessments. The assessments were therefore held lawful and not shown to be unfair, unjust, dishonest, vindictive, or capricious. en-us Sat, 15 Dec 1979 00:00:00 +0530 Thu, 11 Mar 2010 13:35:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29200 Best judgment assessment is valid where the assessing authority makes an honest and fair estimate based on available material, including local knowledge, past returns, and prior assessments, even though some guesswork is unavoidable. Repeated non-compliance with notices and a history of ex parte assessments supported the estimates made for the relevant years. The assessee produced no credible material to prove the alleged losses during those years, and the estimate was consistent with earlier assessments. The assessments were therefore held lawful and not shown to be unfair, unjust, dishonest, vindictive, or capricious. Case-Laws Income Tax Sat, 15 Dec 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29200