Court Dismisses Revenue's Claims on Assessee's Sales Turnover, Finds No Evidence of Abnormality or Inconceivability.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Rejection of books of accounts - undervaluation of sales turnover - permissible transportation loss - there was nothing on record for the revenue to hold that the figures disclosed by the assessee were abnormally high or that it was otherwise inconceivable. - HC....