2017 (2) TMI 1398

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....books of account of the assessee have been discarded by the authorities under the Act essentially on the ground that there was excess consumption of electricity in auxiliary works Otherwise, there exists a categorical finding that statement shown in the books of account tallies with the record available and placed before the authorities, and there is no inconsistency. Learned counsel for the asse....

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....ne. In the instant case, except for the finding that the consumption of electricity was more as compared to the production of rice in the year, no discrepancy was found in production account or in other account books of the assessee. This was also not a good ground for rejecting the assessee's account books." With reference to the aforesaid exposition of law, learned counsel submits that Trib....