1977 (1) TMI 59

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.... remanded the case to the Assessing Authority for passing fresh order of assessment. After remand the original order of enhancement by Rs. 40,000 was maintained. An appeal against that order was dismissed by Shri R.K. Goswami vide his impugned order. Hence the presence appeal. 2. The enhancement was made on the ground that three accounts. Tin oil account, Raghbir Saran Baraut Wala Account and Oil Account, which were recorded in a rough cash book surrendered by the dealer at the time of visit on 24th Oct., 1964, had not been entered in the regular books of account. Shri Bhatia in the first revision order 31st Jan., 1969 stated about these three accounts as follows:- "These observations clearly reflect that besides this entry of Rs. 10,00....

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....s explained by the dealer that Shri Goel was a big landlord at Baraut. He had come to Delhi for purchase of a tractor and had brought with him a such of Rs. 10,000 for the purpose. As he failed to get the tractor on that day, he deposited the money, with the dealer and it was kept in 'Uchanti' because it did not relate to any business transaction. According dealer Shri Goel took always 1st Oct., 1964 but in Accountant failed to make in the rough book. A certain Goel testifying to the refund to him had also been record. It was urged that been special Honoarary Class at Baraut and the why the statement given disbelieved. It was also omission to debit into argued that the itself sufficient to warrant rejection of the books of account particula....