https://www.taxtmi.com/caselaws?id=152585 The court upheld the rejection of the assessee's accounts for the assessment year 1964-65 due to discrepancies in categorizing sales and incomplete bookkeeping. The turnover assessment was based on a profit rate of 12.5 percent, supported by the revising authority's findings that the accounts were not regularly maintained. The court emphasized the importance of proper record-keeping and found in favor of the department, allowing them to recover costs amounting to Rs. 200. en-us Sat, 02 Sep 1978 00:00:00 +0530 Sat, 06 Jul 2013 17:28:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152585 The court upheld the rejection of the assessee's accounts for the assessment year 1964-65 due to discrepancies in categorizing sales and incomplete bookkeeping. The turnover assessment was based on a profit rate of 12.5 percent, supported by the revising authority's findings that the accounts were not regularly maintained. The court emphasized the importance of proper record-keeping and found in favor of the department, allowing them to recover costs amounting to Rs. 200. Case-Laws VAT and Sales Tax Sat, 02 Sep 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152585