1979 (10) TMI 104

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....involved is 1974-75 for which the previous year is 1380 B.S. 2. Prior to the accounting period relevant to the asst. yr. 1973-74 the assessee-firm was acting as commission Agent for the purchase and sale of Jute. In the accounting period relevant to the asst. yr. 1973-74, it was working as a dealer in jute on pick and choose basis. The year under consideration is the one in which it acted as a ....

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....ed the book results both of the head office and the branch office and added Rs. 10,000 to the gross profit of the head office and Rs. 5,000 to the gross profit of the branch office. These additions have been up held by the AAC. 4. We have heard both the sides. There is no dispute that the type of the books maintained in the year under consideration are the same as in the immediately preceding y....