https://www.taxtmi.com/caselaws?id=432699 Excessive electricity consumption cannot by itself justify rejection of books of account; corroborating material is needed to show that production or sales are not commensurate with the power used. On the facts, the assessee's electricity consumption per quintal was materially higher than in the earlier period, while production did not increase correspondingly, and the explanation based on old machinery and domestic use at the factory was not accepted for the winter period. The earlier private report relied on by the assessee was treated as irrelevant to the assessment period. The books were therefore rejected and the addition sustained in favour of the Revenue. en-us Tue, 03 Jan 2023 00:00:00 +0530 Fri, 08 Sep 2023 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432699 Excessive electricity consumption cannot by itself justify rejection of books of account; corroborating material is needed to show that production or sales are not commensurate with the power used. On the facts, the assessee's electricity consumption per quintal was materially higher than in the earlier period, while production did not increase correspondingly, and the explanation based on old machinery and domestic use at the factory was not accepted for the winter period. The earlier private report relied on by the assessee was treated as irrelevant to the assessment period. The books were therefore rejected and the addition sustained in favour of the Revenue. Case-Laws VAT and Sales Tax Tue, 03 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432699