1984 (9) TMI 299 - HC - VAT and Sales Tax

Summary

The High Court of Allahabad allowed the revision by the assessee for the assessment year 1977-78, against the Tribunal's order dated 26.4.1983, which rejected the book version. The rejection was based on two reasons: (1) Rokar and Khata were not found at the shop during the first survey, and (2) cash was short during the second survey. The Court held that the books cannot be rejected solely for these reasons, as the assessee provided plausible explanations. The revision was allowed, and each party will bear their own costs.