1976 (1) TMI 61

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.... total and taxable turnover of Rs. 34, 834-10 which was determined at Rs. 52,251-15 by the D.C.T.O., Periamet division on the ground that defects exist in accounts. The Assessment relates to the period 1974-75 under the Tamil Nadu General Sales Tax Act, 1959. 2. While scrutinising the accounts the Assessing Officer found that purchases were not supported by bills and sales were not proportionat....

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....unts which cannot be the normally acceptable percentage. The profit that is shown by the appellant is low. The finding of the Assessing Officer that purchases were not supported by purchase bills is unassessable. Even during the course of hearing bills were not shown. The sales are not proportionate to purchases. For instance for the month of May, 1974, purchases were made for Rs. 2,140-25, wherea....

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....dition one can easily take into account, the inspection report. On 7th October, 1974, at about 9-00 p.m. the A.C.T.O. Periamet division inspected premises and took the statement of the Manager of the Appellant's hotel. The net realisation by way of sale, amounted to Rs. 125-85. This amount is a normal realisation per day in the business, If this is adopted for calculating the probable total turnov....