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of <h1>Courts Review 'Best Judgment' vs. Account-Based Assessments: Ensuring Fairness in Tax Evaluations Under High Court Oversight.</h1> The text discusses the distinction between 'best judgment' assessments and assessments based on the accounts submitted by an assessee. In cases where accounts are deemed reliable despite minor errors, assessments are made based on those accounts. Conversely, if accounts are deemed unreliable, the assessing officer uses 'best judgment' to determine assessments, considering other information and circumstances. The assessing authority's judgment must be unbiased and rational, and the High Court cannot substitute its judgment for that of the assessing authority. Courts must first determine if account rejection was justified and if the estimation basis used has a reasonable connection to the estimate made.
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