2008 (7) TMI 389

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.... length. 2. From a proper comprehension of the entire submission made by learned counsel, what we could make out is that he wants to assail the action in rejecting the books of account, while we do not find any error on the part of the authorities below in rejecting the books of account, as it has clearly been found that the assessee has only produced computerised cash book, ledger, journal and....

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....or the assessment year 1994-95, should have been adopted, or the rate applied in the year 1995-96 should have been adopted. In our view, all said and done, after rejection of books of account, it remains a matter of best judgment assessment, which obviously does require some free play between the joints, and when this has been considered by the two appellate authorities below, it Cannot be said to....

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....n, when we tried to go into the merits of this ground, learned counsel submitted that looking to the amount of depreciation disallowed, the ground is not of much seriousness, what is important is that the learned Tribunal should have discussed the contention, and should have decided it, this way or that way of course, learned counsel is right when he submits that the learned Tribunal should have d....