Best judgement assessment - There appears to be divergents views ...

Case Laws VAT and Sales Tax

February 16, 2022

Best judgement assessment - There appears to be divergents views insofar as the question as to whether the consumption of electricity can constitute the sole basis for making a best judgment assessment. However, in the present case, the best judgment assessment was not only necessitated by the survey report/case study on electricity consumption vis-a-vis production of jelly, but also the fact that the books of accounts maintained by the petitioner suffered from defects - Any best Judgment assessment is likely to be an over-estimate or an under-estimate, but that itself does not supply a reason or ground for interfering with the same. - HC

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Best judgement assessment - There appears to be divergents views ...

Case Laws VAT and Sales Tax

February 16, 2022

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