TaxTMI 
TaxTMI 
1993 (2) TMI 315
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.... Bench. The account books of the assessee were rejected because of the survey dated December 30, 1981. The rejection of the account books was sustained by the Tribunal. One of the questions that is canvassed in this revision is that the rejection of account books could not be legally sustained. I have heard learned counsel for the parties and in my opinion, the order of the Sales Tax Tribunal des....
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....As per the entries in the loose paper when compared with the entries in the stock register it was noticed that the stock register did not contain entries relating to stock to the extent of 20.89 quintals that were found recorded in the loose papers. Entries in the loose papers further revealed that the stock of superfine paddy as per the stock register was in excess of 8.90 quintals than that foun....
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....loose rice which was approximately 320 quintals a discrepancy was also found in respect of the stock of rice found in bags. The order of the Sales Tax Tribunal is not very clear when it stated that the explanation regarding the difference found in respect of paddy and rice could be accepted, because loose paddy and rice had been written on the basis of approximate estimate. It does not make any me....
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....of the assessee that the rejection of the account books could not be sustained with regard to the entries contained in loose parcha. However, it may be noticed that according to the learned counsel the discrepancy of 20.89 quintals in the stock of common paddy was liable to be ignored having regard to heavy purchases of paddy made during the year and no adverse inference should have been drawn fo....