Best Judgment assessment after giving sufficient opportunity is valid

HIGH COURT OF KERALA P.P. Abdul Khader & Co. versus Commissioner of Income-tax, Calicut WP(C) NO. 14272 OF 2005 Date of Pronouncement – 17.01.2013 JUDGMENT 1. Heard the learned counsel for the petitioner and the learned standing counsel for the respondents. 2. Petitioner is a partnership firm of four partners engaged in civil and electrical contract works. Concerning the assessment year 1995-96, return was filed by the firm on 28/9/95. The return was processed under Section 144 of the Income Tax Act and the taxable income was determined at Rs. 35,930/-. Subsequently, the...