1987 (7) TMI 569

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..... ears 1980-81 and 1981-82. 2.. The assessing authority completed the assessments after rejecting the books of accounts and estimating the turnover at four times the average running stock. The main reason alleged was that there was an inspection of the petitioner's shop on 30th August, 1980 and that there were suppressions of sales on that day. For the year 1981-82, the accounts were rejected for t .....

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..... certained the stock position of gold ornaments on physical verification. The physical stock with reference to the register was short by 8 items weighing 102 gms. The Intelligence Squad seized 9 account slips and a day book for further verification. On the strength of the statement given by the petitioner at the time of inspection the Intelligence Officer examined the account slips and day books. T .....

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