https://www.taxtmi.com/caselaws?id=308937 The High Court will not ordinarily interfere in revision with a bona fide and rational best judgment assessment supported by concurrent factual findings. Where the books of account and returns are rejected and the authorities estimate gross profit on the basis of the nature and volume of business, the court will not substitute its own estimate merely because a different view is possible. The concurrent estimate of gross profit at 25% was therefore upheld, and no question of law was found to arise from the appreciation of facts. en-us Wed, 03 Dec 2008 00:00:00 +0530 Wed, 02 Aug 2023 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308937 The High Court will not ordinarily interfere in revision with a bona fide and rational best judgment assessment supported by concurrent factual findings. Where the books of account and returns are rejected and the authorities estimate gross profit on the basis of the nature and volume of business, the court will not substitute its own estimate merely because a different view is possible. The concurrent estimate of gross profit at 25% was therefore upheld, and no question of law was found to arise from the appreciation of facts. Case-Laws Service Tax Wed, 03 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308937