Case Laws / Head Notes / Paras
---Amendment of assessment---Estimation of sales---Difference between sales declared and sales assessed was treated as suppressed gross profit and added to the income---Validity---Taxation Officer rejected the declared trading version on the ground that complete record of production had not been produced---Record showed that the taxpayer produced record of production and said fact was supported by certified copy of relevant order sheet about which the First Appellate Authority had recorded definite observation in the order---Taxpayer was also registered with Sales Tax Department and entire record of purchases and sales must be available in the form of sales tax return---Taxation Officer could have recorded a fairly sound observation about the declared sales and purchases---Revenue had cand...
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