1981 (8) TMI 204

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....essment years 1973-74 and 1974-75. The assessee carried on business in sale of aluminium utensils, oil, etc. Apart from this he also manufactured oil from oil-seeds purchased by it. Its account book was rejected and the turnover was determined to the best of judgment on past history. The claim of the assessee was that its business was of crushing oil-seeds and grinding flour on labour basis. The a....

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....assessing and the appellate authorities therefore in basing their decisions on the past history did not commit any error of law. What happened in earlier years could have been a guide for the year in dispute but non-taxability of the assessee in subsequent years could not reflect back. The revising authority was not justified in declaring the assessee non-taxable only because in subsequent years i....