https://www.taxtmi.com/caselaws?id=797878 Section 72 best-judgment assessment must rest on available, verifiable records and cannot substitute arbitrary growth, pro-rata or peak-turnover estimates for audited accounts and statutory returns. Gross receipts require transaction-level verification before exempt, export/SEZ, non-taxable and reimbursable amounts are included in taxable value; genuine pre-14 May 2015 reimbursements not constituting consideration are excludible, while later claims must meet pure-agent requirements. CENVAT credit requires verification of invoices, ledgers and statutory records. Extended limitation requires deliberate suppression with intent to evade and cannot exceed five years. Overlapping liabilities in parallel investigations must be identified and excluded to prevent duplicate demand or recovery. en-us Thu, 20 Aug 2026 00:00:00 +0530 Sat, 29 Aug 2026 14:35:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797878 Section 72 best-judgment assessment must rest on available, verifiable records and cannot substitute arbitrary growth, pro-rata or peak-turnover estimates for audited accounts and statutory returns. Gross receipts require transaction-level verification before exempt, export/SEZ, non-taxable and reimbursable amounts are included in taxable value; genuine pre-14 May 2015 reimbursements not constituting consideration are excludible, while later claims must meet pure-agent requirements. CENVAT credit requires verification of invoices, ledgers and statutory records. Extended limitation requires deliberate suppression with intent to evade and cannot exceed five years. Overlapping liabilities in parallel investigations must be identified and excluded to prevent duplicate demand or recovery. Case-Laws Service Tax Thu, 20 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797878