Revision allowed for assessment year 1976-77, account books accepted, costs awarded.

The High Court of Allahabad allowed the assessee's revision for the assessment year 1976-77. The court held that the rejection of account books for best judgment assessment was not justified solely based on goods not being entered during a survey. The Tribunal's decision was overturned, and the books of accounts were ordered to be accepted. The assessee was awarded costs of Rs. 200.

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The High Court of Allahabad allowed the revision by the assessee for the assessment year 1976-77. The court held that the rejection of account books for best judgment assessment was not justified solely based on goods not being entered in the books during a survey. The Tribunal's order was set aside, and the books of accounts were directed to be accepted. The assessee was awarded costs of Rs. 200.

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