1976 (5) TMI 42

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....t. yrs. 1972-73 and 1973-74 under s. 36(1) of the Tamil Nadu General Sales Tax Act, 1959. The appellant disputes a turnover of Rs. 4,852.85 for 1972-73 and s. 2,000 for 1973-74. 2. The appellant is a partnership firm manufacturing and dealing in printing inks. For asst. yr. 1972-73, it reported a total and taxable turnover of Rs. 6,28,807.24 and Rs. 4,84,849.26 respectively. The assessing autho....

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....cts mentioned are similar. The addition proposed was 2-1/2 per cent of the disclosed sales amounting to Rs. 17,263.89. But at the time of passing the order the proposed addition was actually reduced to only Rs. 10,000 as the appellant's explanations were "partly correct". The AAC found that the defects did exist though there was a substantial increase in turnover. He had no comments to make on the....

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.... recorded then and there. We do not feel that the authorities have taken the trouble of examining the appellant's stock record which however have not been subjected to any proper check. Variation in gross profit is also not so abnormal. We have no material for holding that the gross profit is too low. The only surviving defect is therefore with certain declarations relating to the movement of good....