https://www.taxtmi.com/caselaws?id=151149 Account books may be rejected where they are not verifiable and the surrounding circumstances, taken together, support a reasonable inference that they do not reflect the true state of affairs. The absence of the required manufacturing account and stock registers, coupled with a substantial unexplained discrepancy between the return version and the book version of stock and turnover, constituted relevant material. The assessee's obstructive conduct during survey, including refusal to facilitate inspection and verification, also justified an adverse inference. The post-assessment survey was not treated as an independent basis, but the cumulative material was sufficient to reject the books. en-us Mon, 23 Feb 1976 00:00:00 +0530 Fri, 31 May 2013 16:09:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151149 Account books may be rejected where they are not verifiable and the surrounding circumstances, taken together, support a reasonable inference that they do not reflect the true state of affairs. The absence of the required manufacturing account and stock registers, coupled with a substantial unexplained discrepancy between the return version and the book version of stock and turnover, constituted relevant material. The assessee's obstructive conduct during survey, including refusal to facilitate inspection and verification, also justified an adverse inference. The post-assessment survey was not treated as an independent basis, but the cumulative material was sufficient to reject the books. Case-Laws VAT and Sales Tax Mon, 23 Feb 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151149