1995 (9) TMI 355

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....r the assessment year 1978-79 the assessee reported a turnover of Rs. 22,050. The assessing officer, after gathering various materials, determined the taxable turnover at Rs. 2,68,521. The assessee is not maintaining accounts. On appeal, the Appellate Assistant Commissioner redetermined the taxable turnover at Rs. 1,03,964. The assessee filed an appeal before the Appellate Tribunal and the depa....

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....event, it was submitted that the determination of the turnover on the basis of the estimate done by the department and the Tribunal is excessive. On the other hand, the learned Additional Government Pleader (Taxes) while supporting the order passed by the Tribunal, contended that inasmuch as the assessee failed to maintain proper account and the assessee was unable to explain as to the absence of ....

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.... cashew kernel at Rs. 67,457. By adding Rs. 22,050 along with Rs. 67,457, a sum of Rs. 89,507 was arrived at. This was multiplied by three times and a sum of Rs. 2,68,521 was arrived at. From this, the Tribunal redetermined the taxable turnover for the assessment year under consideration at a round sum figure of rupees two lakhs. 4.. It is no doubt true that the assessee has not produced accoun....