9911796707
TMI Blog1977 (1) TMI 59X X X X Extracts X X X X X X X X Extracts X X X X ..... der of assessment. After remand the original order of enhancement by Rs. 40,000 was maintained. An appeal against that order was dismissed by Shri R.K. Goswami vide his impugned order. Hence the presence appeal. 2. The enhancement was made on the ground that three accounts. Tin oil account, Raghbir Saran Baraut Wala Account and Oil Account, which were recorded in a rough cash book surrendered by the dealer at the time of visit on 24th Oct., 1964, had not been entered in the regular books of account. Shri Bhatia in the first revision order 31st Jan., 1969 stated about these three accounts as follows:- "These observations clearly reflect that besides this entry of Rs. 10,000 standing in the name of Shri R.S. Goel, some other discrepanci ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at Baraut. He had come to Delhi for purchase of a tractor and had brought with him a such of Rs. 10,000 for the purpose. As he failed to get the tractor on that day, he deposited the money, with the dealer and it was kept in 'Uchanti' because it did not relate to any business transaction. According dealer Shri Goel took always 1st Oct., 1964 but in Accountant failed to make in the rough book. A certain Goel testifying to the refund to him had also been record. It was urged that been special Honoarary Class at Baraut and the why the statement given disbelieved. It was also omission to debit into argued that the itself sufficient to warrant rejection of the books of account particularly, when all other transactions recorded in the rough book ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the appellate order it appears that the names of the customers were entered. Even if these entries related to the advance from the customers, it would have been further explained whether the oil for those advances was supplied or not. These sums should have be noted also in the regular books of account. I find no sufficient below on this disagree with the authorities below on this point that the dealer had failed to prove satisfactorily the discrepancies about these four entries. The total amount of these four entries comes to Rs. 454,94p. out of which Rs. 134.85 is related to the second quarter and Rs. 320.09p. to the third quarter. Taking into consideration both the sum of Rs. 10,000 and the sum of Rs. 454.94p., the enhancement was made ..... X X X X Extracts X X X X X X X X Extracts X X X X
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