https://www.taxtmi.com/caselaws?id=276343 The High Court ruled in favor of the assessee, emphasizing that the rejection of account books based solely on alleged excess electricity consumption was unjustified. The court held that suspicion arising from high electricity usage should prompt further investigation but cannot be the sole reason for discarding books. The judgment highlighted that without additional evidence of unreliability, excess electricity consumption alone is insufficient grounds for rejection. The decision aligned with established legal principles, emphasizing that excess consumption may raise suspicion but is not conclusive evidence of accounting irregularities. en-us Wed, 15 Feb 2017 00:00:00 +0530 Thu, 08 Nov 2018 10:12:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276343 The High Court ruled in favor of the assessee, emphasizing that the rejection of account books based solely on alleged excess electricity consumption was unjustified. The court held that suspicion arising from high electricity usage should prompt further investigation but cannot be the sole reason for discarding books. The judgment highlighted that without additional evidence of unreliability, excess electricity consumption alone is insufficient grounds for rejection. The decision aligned with established legal principles, emphasizing that excess consumption may raise suspicion but is not conclusive evidence of accounting irregularities. Case-Laws VAT and Sales Tax Wed, 15 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276343