https://www.taxtmi.com/caselaws?id=36372 The Tribunal was legally justified in rejecting the account books of the assessee, M/s. Bharat Milk Products, due to unverifiable purchases and cash sales, lack of day-to-day production records, and failure to maintain accounts for previous assessment years. The addition of Rs. 25,000 to the returned income was upheld based on discrepancies in condensed milk yield and inflated purchases. The court affirmed the Tribunal's decisions, awarding costs and counsel's fees to the department. en-us Thu, 18 Oct 1979 00:00:00 +0530 Mon, 22 Mar 2010 10:30:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36372 The Tribunal was legally justified in rejecting the account books of the assessee, M/s. Bharat Milk Products, due to unverifiable purchases and cash sales, lack of day-to-day production records, and failure to maintain accounts for previous assessment years. The addition of Rs. 25,000 to the returned income was upheld based on discrepancies in condensed milk yield and inflated purchases. The court affirmed the Tribunal's decisions, awarding costs and counsel's fees to the department. Case-Laws Income Tax Thu, 18 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36372