https://www.taxtmi.com/caselaws?id=39982 Where account books are rightly rejected as unreliable, escaped turnover may be estimated on a best judgment basis from discovered material if the estimate bears a reasonable nexus to the facts found and is not arbitrary. The Court accepted that the bill book showing unaccounted sales for 19 days provided a rational foundation for estimating escaped turnover for the full year, and it was not necessary to prove the exact suppressed amount. On that footing, the reassessment under section 19(1) was legally sustainable, and the penalty founded on that reassessment could also stand. en-us Wed, 18 Apr 1973 00:00:00 +0530 Thu, 23 Jul 2026 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39982 Where account books are rightly rejected as unreliable, escaped turnover may be estimated on a best judgment basis from discovered material if the estimate bears a reasonable nexus to the facts found and is not arbitrary. The Court accepted that the bill book showing unaccounted sales for 19 days provided a rational foundation for estimating escaped turnover for the full year, and it was not necessary to prove the exact suppressed amount. On that footing, the reassessment under section 19(1) was legally sustainable, and the penalty founded on that reassessment could also stand. Case-Laws VAT / Sales Tax Wed, 18 Apr 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39982