1972 (8) TMI 127

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... to the assessment year 1960-61. The assessee, Bhaskar Camphor Works, returned a taxable turnover of Rs. 1,73,562.25 for the year 1960-61. But the assessing officer did not accept the turnover returned as correct but proceeded to add a turnover of Rs. 59,000, as representing turnover of suppressed sales of camphor, to the taxable turnover returned, on the ground that certain quantities of camphor ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ssee to file the final order of adjudication passed by the Central excise authorities. But the Appellate Assistant Commissioner was not inclined to grant the assessee's request. However, before the Tribunal, the final order of the Central excise authorities was produced. That order showed that quantities of camphor recovered from two of the premises had been shown to be not contraband goods and th....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... all the three premises by the Central excise authorities belonged to the assessee-firm. The question whether the third premises from which the camphor was seized belonged to the assessee-firm or whether it belonged to Manickam Chetty exclusively is one of fact; and all the three authorities below have concurrently held that the camphor seized from the three premises belonged to the assessee-firm,....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....hree premises, i.e., Rs. 29,500. In this case' we find that the assessing authority proceeded to add 100 per cent. to the value of camphor that was seized, and he ascertained the total suppression at Rs. 59,000. But the Tribunal would not proceed on that basis, but it adopted a different basis for finding out the value of the suppressed transactions in camphor. According to the Tribunal, the proba....