H.M.M. LIMITED vs DIRECTOR OF ENTRY TAX, WEST BENGAL & OTHERS.

The Supreme Court upheld the application of the Taxes on Entry of Goods into Calcutta Metropolitan Area Rules, 1970 under the Taxes on Entry of Goods into Calcutta Metropolitan Area Act, 1972, specifically citing Section 1(3) of the Ordinance and Section 37(2) of the Act. The Court established that the Assessing Officer is entitled to determine the value of goods on a 'best judgment' basis if the declared value is not satisfactory, as per Rule 12(2). The Court affirmed the assessment made by the Entry Tax Officer, concluding that the company failed to produce necessary documents to substantiate its declared value, thus justifying the tax assessment.