https://www.taxtmi.com/caselaws?id=38206 Refusal to adjourn an appeal and proceed ex parte, being a matter of Tribunal discretion, does not by itself raise a referable question of law unless a genuine legal issue is shown. Likewise, a best judgment assessment based on rejection of unreliable accounts and application of a generally used profit rate is not arbitrary merely because the assessee disputes the estimate. On the stated facts, no question of law arose from either the ex parte disposal or the profit-rate estimation, so the reference application under section 256(2) failed. en-us Tue, 11 Oct 1977 00:00:00 +0530 Sat, 03 Apr 2010 17:29:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38206 Refusal to adjourn an appeal and proceed ex parte, being a matter of Tribunal discretion, does not by itself raise a referable question of law unless a genuine legal issue is shown. Likewise, a best judgment assessment based on rejection of unreliable accounts and application of a generally used profit rate is not arbitrary merely because the assessee disputes the estimate. On the stated facts, no question of law arose from either the ex parte disposal or the profit-rate estimation, so the reference application under section 256(2) failed. Case-Laws Income Tax Tue, 11 Oct 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38206