1981 (12) TMI 57

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....on of Rs. 10,000 made by the ITO in the liquor account. 2. This was the first and last year of the assessee's business who dealt in purchase and sale of country liquor. The total sale was shown at Rs. 2,31,726 and the ITO on the plea that no rate of sale was fixed by the Government and average sale price of full bottle came to Rs. 15 only whereas in other comparable cases, according to the ITO,....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ld. Deptl. Rep., Sh. R.S. Khichi, on the other hand, placed his reliance on the order of the AAC. 5. After taking into consideration the rival submissions, we are unable to sustain the addition because the comparable cases on which the ITO placed his reliance wherein liquor @ Rs.16 and Rs.17 per bottle, was not put to the assessee. On the other hand, the assessee the pointed out the cases of M/....