https://www.taxtmi.com/caselaws?id=276328 The Court ruled in favor of the applicant, M/s. Shyam Rice Mills, stating that the Sales Tax Authorities lacked sufficient valid material to justify the rejection of the account books. The discrepancies identified, such as cash balance differences and unrecorded stock, were deemed minimal and insufficient to warrant rejection. The disparity in electricity consumption, while noted, was not considered significant on its own to reject the accounts. As a result, the revision was allowed, with costs awarded to the applicant, and a secondary question regarding sales estimates was not addressed due to its academic nature. 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 The Court ruled in favor of the applicant, M/s. Shyam Rice Mills, stating that the Sales Tax Authorities lacked sufficient valid material to justify the rejection of the account books. The discrepancies identified, such as cash balance differences and unrecorded stock, were deemed minimal and insufficient to warrant rejection. The disparity in electricity consumption, while noted, was not considered significant on its own to reject the accounts. As a result, the revision was allowed, with costs awarded to the applicant, and a secondary question regarding sales estimates was not addressed due to its academic nature. Case-Laws VAT and Sales Tax Mon, 07 Dec 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276328