1986 (2) TMI 320

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..... e manufactures and sells chaff-cutter blades, iron wheel rims, etc. Books of account of the assessee were rejected by all the three authorities and best judgment assessment was passed. I have heard counsel for the parties. Sri Bharatji Agarwal, learned counsel appearing on behalf of the assessee, has contended that the Tribunal was not justified in rejecting the books of account of the assessee. S .....

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..... 4th November, 1980, published in the Gazette on 15th November, 1980, and entry No. 30 whereof reads as under: "Animal driven vehicle including carts having pneumatic tyre wheels and accessories and attachment and spare parts thereof." A perusal of the said entry indicates that wheels and accessories which are parts of animal driven vehicles, are exempt under section 4 of the Act vide notificat .....

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