https://www.taxtmi.com/caselaws?id=467195 Where an assessee failed to produce books of account and primary records said to be destroyed by fire, the authorities applied a best judgment assessment and the Tribunal estimated taxable turnover using available Forms 31, an averaged import value and a gross profit rate; the court accepted that methodology as a factual estimation in the absence of primary records and found no legal error in the Tribunal's reasoning. The assessment and Tribunal determination were therefore upheld on revision and the revision against the assessee was dismissed. en-us Wed, 09 Aug 2000 00:00:00 +0530 Tue, 10 Mar 2026 11:50:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467195 Where an assessee failed to produce books of account and primary records said to be destroyed by fire, the authorities applied a best judgment assessment and the Tribunal estimated taxable turnover using available Forms 31, an averaged import value and a gross profit rate; the court accepted that methodology as a factual estimation in the absence of primary records and found no legal error in the Tribunal's reasoning. The assessment and Tribunal determination were therefore upheld on revision and the revision against the assessee was dismissed. Case-Laws VAT / Sales Tax Wed, 09 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467195