https://www.taxtmi.com/caselaws?id=56525 Books of account should not be rejected merely because a few petty retail sales were unsupported by cash memos or because no stock inventory was maintained, where those sales formed only a small part of the business and the books were otherwise up to date. A temporary fall in turnover was not, by itself, evidence of suppression, particularly when the following year showed a substantial increase. Absence of a stock inventory was also not treated as essential under section 12 of the U.P. States Tax Act. On these facts, rejection of the accounts was unjustified and the turnover additions could not stand. en-us Thu, 27 Nov 1975 00:00:00 +0530 Sat, 04 Dec 2010 12:31:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56525 Books of account should not be rejected merely because a few petty retail sales were unsupported by cash memos or because no stock inventory was maintained, where those sales formed only a small part of the business and the books were otherwise up to date. A temporary fall in turnover was not, by itself, evidence of suppression, particularly when the following year showed a substantial increase. Absence of a stock inventory was also not treated as essential under section 12 of the U.P. States Tax Act. On these facts, rejection of the accounts was unjustified and the turnover additions could not stand. Case-Laws VAT and Sales Tax Thu, 27 Nov 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56525