1972 (1) TMI 91

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e of the assessee. The assessee runs an oil mill. For the assessment year 1960-61, the assessee filed the quarterly returns and produced books of account in support thereof. The account books were found to be properly maintained and the returns were accepted in toto. Later on, the Sales Tax Officer discovered that the consumption of electricity used in the production of oil as shown by the asse....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the revising authority has submitted this statement of the case and has referred as many as seven questions. Most of the questions are merely arguments. In our opinion, only two questions of law arise. They are: "(1) Whether on the facts and in the circumstances of the case, there was material for initiating proceedings under section 21 of the Act. (2) If the answer to the first question is ....