1997 (1) TMI 498

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.... 19, 1996, passed by the Trade Tax Tribunal, Agra, whereby it dismissed the dealer's second appeals for assessment year 1985-86 and 1988-89. 2.. I have heard Sri Bharat Ji Agrawal, learned counsel for the revisionist and Sri H.R. Misra, learned Standing Counsel, for the respondent. 3.. The revisionist is a dealer in vanaspati ghee. Its head office and factory is at Jaipur in the State of Rajasth....

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....er at Rs. 39,62,336 against the invoice value at Rs. 39,48,350 and for similar reasons the assessing officer determined the turnover at Rs. 45,00,000. It was reduced to Rs. 42,00,000 by the Deputy Commissioner (Appeals). The Tribunal has affirmed the same. 6.. Learned counsel for the revisionist took me through the orders of the authorities below to point out that the dealer's books of accounts h....

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....unts had been regularly maintained by the dealer and no defects therein was noticed. In fact the books of accounts have not been rejected nor is there any observation that they were unreliable. No case of under-invoicing was even attempted to be made out. There is nothing to show that in fact the dealer suffered a loss in this business. There is no mention anywhere that the price at which the deal....

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....he will sell the goods and how much of the goods he will sell and how much he will consume for himself or donate. If the assessing officer feels that a particular trader is behaving in a manner which is different from the other traders in the line the only course open to him is to raise an eye of suspicion and make an investigation. But if he does not investigate or if after investigation he does ....