https://www.taxtmi.com/caselaws?id=158944 Rejection of accounts and consequential estimated additions cannot be sustained where alleged cash-book defects and stock variation are explained by the business realities on record and do not establish unreliability of the accounts. The requirement to maintain a daily cash book under Rule 32(1)(i) of the Kerala General Sales Tax Rules must be applied in light of the actual operating arrangement of the business, especially where multiple units function at the same place with overlapping stock storage. On that factual basis, the assessment and connected orders were set aside and the matter was directed to proceed on the assessee's return. en-us Fri, 27 Sep 1996 00:00:00 +0530 Mon, 11 Nov 2013 15:55:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158944 Rejection of accounts and consequential estimated additions cannot be sustained where alleged cash-book defects and stock variation are explained by the business realities on record and do not establish unreliability of the accounts. The requirement to maintain a daily cash book under Rule 32(1)(i) of the Kerala General Sales Tax Rules must be applied in light of the actual operating arrangement of the business, especially where multiple units function at the same place with overlapping stock storage. On that factual basis, the assessment and connected orders were set aside and the matter was directed to proceed on the assessee's return. Case-Laws VAT and Sales Tax Fri, 27 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158944