https://www.taxtmi.com/caselaws?id=19829 Failure to produce reliable day-to-day production and consumption records justified rejection of the books and assessment under the best judgment procedure, because the accounts were not fully satisfactory. However, an estimated addition for excess bidi leaf consumption could not be sustained where the estimate ignored leaves used for chhat and mapari bidi production and lacked supporting material. The additions for alleged suppressed production of chhat and mapari bidis were substantially upheld on the evidence before the Tribunal, subject to credit for chhat bidi sales already disclosed in the books. en-us Tue, 07 Dec 1993 00:00:00 +0530 Tue, 10 Nov 2009 10:17:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19829 Failure to produce reliable day-to-day production and consumption records justified rejection of the books and assessment under the best judgment procedure, because the accounts were not fully satisfactory. However, an estimated addition for excess bidi leaf consumption could not be sustained where the estimate ignored leaves used for chhat and mapari bidi production and lacked supporting material. The additions for alleged suppressed production of chhat and mapari bidis were substantially upheld on the evidence before the Tribunal, subject to credit for chhat bidi sales already disclosed in the books. Case-Laws Income Tax Tue, 07 Dec 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19829