https://www.taxtmi.com/caselaws?id=275978 Rejection of trading accounts may be supported by statutory non-compliance, including failure to issue cash memos for petty sales, but the revisional authority must specifically and conclusively address each objection and the assessee's explanation. Here, the cash difference explanation had ceased to survive, while the findings on undated entries in the dalal bahi and stock-register discrepancies were not clearly and specifically examined. The matter therefore required fresh consideration, and the revisional order was set aside to that extent with remand for a new decision in accordance with law. en-us Fri, 31 Oct 1980 00:00:00 +0530 Wed, 24 Oct 2018 16:59:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275978 Rejection of trading accounts may be supported by statutory non-compliance, including failure to issue cash memos for petty sales, but the revisional authority must specifically and conclusively address each objection and the assessee's explanation. Here, the cash difference explanation had ceased to survive, while the findings on undated entries in the dalal bahi and stock-register discrepancies were not clearly and specifically examined. The matter therefore required fresh consideration, and the revisional order was set aside to that extent with remand for a new decision in accordance with law. Case-Laws VAT and Sales Tax Fri, 31 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275978