1993 (2) TMI 278

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...., 1963 (for short "the Act") on the file of the respondent. Exhibit P-2 notice was issued to the petitioner calling upon him to produce books of accounts for the years 1988-89, 1989-90, 1990-91 and 1991-92. Petitioner filed exhibit P-3 objection contending that he has opted the procedure under rule 21 of the Rules by filing monthly returns in form No. 9 for the four years 1988-89 to 1991-92 and th....

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.... 43 of the Act for rectification of the mistakes in exhibit P-7 order. That petition was rejected by the respondent as per exhibit P-9. 2.. Contention of the petitioner is that respondent lacked jurisdiction to call for the books of accounts from the petitioner as he has opted the procedure under rule 21. Government Pleader appearing for the respondent submitted that the petitioner's contention....

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....d complete, shall finally assess under a single order on the basis of the returns the tax or taxes payable under section 5 or notified under section 10 for the year to which the returns relate. The proviso to rule 21(13) empowers the assessing authority to follow the procedure in rule 18 to determine the turnover to the best of its judgment and finally assess under a single order the tax or taxes ....