https://www.taxtmi.com/caselaws?id=349482 Where an assessee failed to maintain a stock register and day-to-day consumption records, and unexplained discrepancies existed between two computer systems, the book results were treated as unreliable and rejection of the books was justified. On suppressed sales, proof of suppression from primary records for August 2003 and the admitted modus operandi supported a reasonable backward presumption for the earlier months from April to July 2003. In the absence of evidence of unrecorded expenditure or cost of goods, no separate deduction was warranted, and the entire suppressed turnover was treated as undisclosed profit. en-us Fri, 13 Oct 2017 00:00:00 +0530 Sat, 14 Oct 2017 07:57:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349482 Where an assessee failed to maintain a stock register and day-to-day consumption records, and unexplained discrepancies existed between two computer systems, the book results were treated as unreliable and rejection of the books was justified. On suppressed sales, proof of suppression from primary records for August 2003 and the admitted modus operandi supported a reasonable backward presumption for the earlier months from April to July 2003. In the absence of evidence of unrecorded expenditure or cost of goods, no separate deduction was warranted, and the entire suppressed turnover was treated as undisclosed profit. Case-Laws Income Tax Fri, 13 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349482