1995 (9) TMI 327

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....mallee. The Tribunal after hearing the arguments of the learned counsel and perusing the records, sustained the assessment on a turnover of Rs. 807.80 and deleted the turnover of Rs. 6,000. The Tribunal also deleted the penalty levied under section 12(5) of the Act holding that the assessing officer had resorted to the best judgment assessment, since the accounts were found not correct. According ....