https://www.taxtmi.com/caselaws?id=150749 Account books cannot be rejected on speculative or unsupported grounds. The revising authority relied on the absence of any record showing cash was taken home and brought back, and on an that a cash shortage may have been used for suppressed transactions. As there was no rule, commercial practice, or past conduct requiring such a record, the inference lacked evidentiary support. On that basis, rejection of the books and the turnover estimate were not justified, and the issue was answered in favour of the assessee. en-us Wed, 27 Mar 1974 00:00:00 +0530 Wed, 22 May 2013 12:18:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150749 Account books cannot be rejected on speculative or unsupported grounds. The revising authority relied on the absence of any record showing cash was taken home and brought back, and on an that a cash shortage may have been used for suppressed transactions. As there was no rule, commercial practice, or past conduct requiring such a record, the inference lacked evidentiary support. On that basis, rejection of the books and the turnover estimate were not justified, and the issue was answered in favour of the assessee. Case-Laws VAT and Sales Tax Wed, 27 Mar 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150749