9911796707
TMI Blog1970 (2) TMI 124X X X X Extracts X X X X X X X X Extracts X X X X ..... h slips which are characterised as regular sheets of paper which appear to have been kept by the dealer almost concurrently with his regular books of account. For the assessment year 1962-63, he disclosed a taxable turnover of Rs. 18,47,834.56. But the revenue after recovery of the anamath slips, which admittedly covered a turnover of nearly rupees two lakhs, exercised their jurisdiction in law an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it, such as realisation etc. On the foot of such disclosure, after discovery by the revenue, it was contended before the Tribunal that the assessee did not have such quantity of mens rea to avoid or evade tax. The Tribunal refused to accept the plea and confirmed the assessment as made by the revenue. Learned counsel for the petitioner reiterates the contentions made before the Tribunal. He wou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cie disclosed an escaped turnover of nearly, rupees two lakhs, probably the assessee's real turnover would not have been brought to tax at all. The explanation given by the assessee that he was very regular in his irregular accounts is only to be heard to be rejected. One cannot be heard to say that in the case of suppressed dealings, there is relative material which is regularly kept by him and s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f about rupees six lakhs for the year in question cannot be considered to be unreasonable for the reason that for the next year, the turnover as reflected in the books was Rs. 22,64,751.32 for the assessment year 1963-64. It was also noticed that in the subsequent years the turnover as disclosed by the assessee was higher. Having regard to the design and motivated conduct of the assessee, which ne ..... X X X X Extracts X X X X X X X X Extracts X X X X
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