https://www.taxtmi.com/caselaws?id=159018 Rejection of the assessee's accounts was justified where the record showed defects such as unaccounted stock, incorrect treatment of purchases and stock variation during inspection. The assessing authority's consequential addition of 5% to the volume of business was treated as a lenient estimate in light of the turnover and the nature of the defects. Concurrent findings of the appellate authority and Tribunal that the accounts were not true and proper were supported by the material on record, so the High Court found no ground to interfere in revision and upheld the addition. en-us Mon, 01 Apr 1996 00:00:00 +0530 Wed, 13 Nov 2013 15:09:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159018 Rejection of the assessee's accounts was justified where the record showed defects such as unaccounted stock, incorrect treatment of purchases and stock variation during inspection. The assessing authority's consequential addition of 5% to the volume of business was treated as a lenient estimate in light of the turnover and the nature of the defects. Concurrent findings of the appellate authority and Tribunal that the accounts were not true and proper were supported by the material on record, so the High Court found no ground to interfere in revision and upheld the addition. Case-Laws VAT and Sales Tax Mon, 01 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159018