https://www.taxtmi.com/caselaws?id=272539 The rejection of an assessee's account books was examined in light of higher electricity consumption, a fall in turnover, and non-maintenance of the stock register under Section 12(2). Higher electricity consumption and decline in turnover were not treated as sufficient grounds by themselves to reject the books, but the failure to maintain the stock register was regarded as a valid basis for sustaining rejection, even though the defect was technical and related only to part of the year after the amendment. At the same time, the disclosed turnover was directed to be accepted despite that defect. en-us Wed, 26 Aug 1981 00:00:00 +0530 Mon, 07 May 2018 16:53:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272539 The rejection of an assessee's account books was examined in light of higher electricity consumption, a fall in turnover, and non-maintenance of the stock register under Section 12(2). Higher electricity consumption and decline in turnover were not treated as sufficient grounds by themselves to reject the books, but the failure to maintain the stock register was regarded as a valid basis for sustaining rejection, even though the defect was technical and related only to part of the year after the amendment. At the same time, the disclosed turnover was directed to be accepted despite that defect. Case-Laws VAT and Sales Tax Wed, 26 Aug 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272539