1991 (3) TMI 377

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....n made out for entertaining these tax revision cases. 2.. The first substantial objection is relating to the question of limitation. This has been considered by the Tribunal, in paragraph 6 of its order. Reliance was placed on section 19 to contend that the assessment was barred by limitation. There is no question of any escaped assessment, as the very first assessment was only to be concluded.....

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....e. Even at the head office the complete books were not available. The assessee himself admitted the perfunctoriness in the performance of its duty in relation to the maintenance of the accounts, by filing a compounding petition and obtaining relief therein. These are sufficient circumstances justifying the Tribunal to uphold the rejection of the books of accounts. 4.. The rest is a matter of ho....