9911796707
TMI Blog1989 (7) TMI 315X X X X Extracts X X X X X X X X Extracts X X X X ..... ejected the book version of the assessee and estimated the sales of watches imported by the assessee at Rs. 7,00,000. The assessee appealed to the Assistant Commissioner (Judicial), who affirmed the rejection of the books. He was also of the view that sales of watches imported by the assessee were assessed by the assessing officer at a very low amount, i.e., Rs. 7,00,000 and he, therefore, enhance ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1982-83, it is amply clear that the authorities below have clearly stated that four forms "C" related to the assessment year 1982-83. This being so, assessment for the year 1982-83 can very well be based on the four forms "C" and no plea can be taken by the assessee that since already assessment has been made on the basis of those forms in the assessment year 1983-84, they cannot be made basis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... issioner (Judicial). This is also factually incorrect, inasmuch as the Tribunal clearly observed towards the end of the paragraph 3 of its order that turnover fixed in best judgment assessment was subject-matter in first appeal. Turnover being the subject-matter of first appeal, the Assistant Commissioner (Judicial), was fully empowered to make enhancement if warranted by the facts. The last que ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... wever, it appears from the Assistant Commissioner's (Judicial), order that the factual position of the remaining 9 forms was not seen. Since the Special Investigation Branch did not say that the purchases made under the remaining 9 forms were verifiable, the Assistant Commissioner (Judicial), concluded that under those forms also average suppression of purchases was to the tune of Rs. 80,000 each. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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