https://www.taxtmi.com/caselaws?id=37709 Tax authorities could not adopt a higher notional price for paddy on the mere presumption that sales exceeded the controlled maximum price; a best judgment assessment still required evidentiary support, and the revenue had to prove the actual realisation before taxing on that basis. The Tribunal's broad view that illegal sales could never be considered for assessment was also incorrect, because proved unlawful transactions may still enter income computation. Even so, the assessment failed on the facts found, as there was no proof that the assessee actually received more than the fixed price. en-us Wed, 19 Nov 1975 00:00:00 +0530 Wed, 31 Mar 2010 15:47:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37709 Tax authorities could not adopt a higher notional price for paddy on the mere presumption that sales exceeded the controlled maximum price; a best judgment assessment still required evidentiary support, and the revenue had to prove the actual realisation before taxing on that basis. The Tribunal's broad view that illegal sales could never be considered for assessment was also incorrect, because proved unlawful transactions may still enter income computation. Even so, the assessment failed on the facts found, as there was no proof that the assessee actually received more than the fixed price. Case-Laws Income Tax Wed, 19 Nov 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37709