2001 (1) TMI 927

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....Additional Bench, Ernakulam, in T.A. No. 34 of 1988. The assessee is the petitioner. The assessment year is 1971-72. The assessee is a dealer in hardwares, iron and steel. For the year 1971-72, the assessing authority rejected the accounts and completed the assessment fixing the total and taxable turnover at Rs. 1,56,87,795 and Rs. 90,57,850 as against Rs. 1,40,42,790 and Rs. 74,28,565 respective....

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....t was not produced before the appellate authority. Before the Tribunal, the judgment was produced. The Appellate Tribunal did not give importance to the fact that the reduction was given with regard to the turnover, etc. Further, we find that in the estimation of the turnover on the basis that for the month of April, 1971, the purchase was for Rs. 1,43,598, the turnover was estimated at 10 times t....