1995 (2) TMI 385

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....The assessment year concerned in this revision petition is 1989-90. Assessee's account books were not accepted, as there were defects noted at two surprise checks conducted in his place of business. Accordingly, as against the returned taxable turnover at Rs. 28,27,609.95, the assessing authority fixed the taxable turnover at Rs. 36,19,620. On appeal, the Appellate Assistant Commissioner re-fixed ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....fficient reasons for rejecting the books of accounts. So, on the basis of the findings of fact entered into by the authorities below, it cannot now be said that the rejection of the books of accounts was improper or illegal. 3.. The question that will arise for consideration is whether the authorities below were right in making the estimate of the taxable turnover. After rejecting the books of ac....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....r cent; addition to the reported turnover of tea was directed to be at 10 per cent; and the sales turnover of empty containers and tea chest were reduced to Rs. 5,000 and Rs. 500 respectively. 4.. Even though the Tribunal came to the conclusion that stock variations were found in respect of taxable provisions and non-taxable tea at both inspections, they reduced the addition to 10 per cent instea....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he turnover which is exempted from levy of turnover tax by virtue of proviso (1) to section 5(2A)(i) of the Kerala General Sales Tax Act, 1963. 5.. From the above mentioned decision of the Tribunal, it is clear that the Tribunal went into all relevant aspects of the matter and came to a finding of fact that the books of accounts produced by the assessee are not acceptable and that best judgment a....