https://www.taxtmi.com/caselaws?id=276328 A small cash discrepancy, delayed entry of newly arrived stock and higher electricity consumption were held insufficient, on the facts stated, to justify rejection of account books. The cash difference was substantially explained and in any event was too minor to support discarding the accounts. Mere delay in posting stock entries, especially when the accountant was absent, did not show that the books were not regularly maintained. Higher electricity consumption could at most create suspicion and call for closer scrutiny, but without additional defects or corroborative material it could not sustain a best judgment assessment. The assessee therefore succeeded on the validity of the account-book rejection. en-us Mon, 07 Dec 1987 00:00:00 +0530 Tue, 06 Nov 2018 13:19:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276328 A small cash discrepancy, delayed entry of newly arrived stock and higher electricity consumption were held insufficient, on the facts stated, to justify rejection of account books. The cash difference was substantially explained and in any event was too minor to support discarding the accounts. Mere delay in posting stock entries, especially when the accountant was absent, did not show that the books were not regularly maintained. Higher electricity consumption could at most create suspicion and call for closer scrutiny, but without additional defects or corroborative material it could not sustain a best judgment assessment. The assessee therefore succeeded on the validity of the account-book rejection. Case-Laws VAT and Sales Tax Mon, 07 Dec 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276328