1986 (11) TMI 130

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....t years and therefore, are disposed off by a common order as the issues involved are common. 2. In the assessee's appeal the issues involved are that the Department had considered the same material which were on record on the basis of which they have reopened the assessment and concluded the assessment which is bad in law. On merits it was submitted that in these two years the assessee who is a....

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.... Boards circular and as per the Boards circular the amount that could be allowed cannot exceed Rs. 10,000 for which purposes books of accounts necessarily has to be maintained. In the Departmental appeal they submitted the AAC has cancelled the assessment on legal grounds but in that year the assessee did maintain accounts which cannot be said to be proper in every respect. 3. We have carefully....