https://www.taxtmi.com/caselaws?id=40293 Assessment on a best-judgment basis under Rule 7, where the assessee failed to furnish complete particulars, was upheld because apportioning gross receipts between agricultural and non-agricultural operations was a reasonable method in the circumstances. The Court found the approach neither perverse nor legally unsustainable, and held that the mere availability of an alternative apportionment method, such as one based on net income, did not by itself justify interference with the assessment order. en-us Tue, 14 Nov 2000 00:00:00 +0530 Sat, 25 Aug 2018 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40293 Assessment on a best-judgment basis under Rule 7, where the assessee failed to furnish complete particulars, was upheld because apportioning gross receipts between agricultural and non-agricultural operations was a reasonable method in the circumstances. The Court found the approach neither perverse nor legally unsustainable, and held that the mere availability of an alternative apportionment method, such as one based on net income, did not by itself justify interference with the assessment order. Case-Laws Income Tax Tue, 14 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40293