9911796707
TMI Blog1993 (7) TMI 316X X X X Extracts X X X X X X X X Extracts X X X X ..... espondent is the Revenue. We are concerned with the assessment year 1980-81. For various reasons stated in the order of assessment dated March 19, 1984, the books of accounts and returns were rejected. A best judgment assessment was made. The assessee reported a taxable turnover of Rs. 37,53,241.10. The taxable turnover was fixed at Rs. 50,27,550. The assessing authority made an addition of 5 pe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... unsel. 3.. No serious plea was made for acceptance of the accounts. During surprise inspections of the business place on October 7, 1980 and January 16, 1981, substantial discrepancies in stock were found. The purchase bills were found to be defective. The sale invoices were not serially machine numbered and there were corrections. The records relating to the business transactions recovered from ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... were lost. The assessing authority took the view that this plea is unsustainable for more reasons than one. The destruction or loss of the delivery notes was not intimated to the assessing authority in time. No police case was registered against the persons responsible. The duplicate copies of the concerned delivery notes were not made available for verification. The Appellate Tribunal adverted t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es, is largely a finding on a question of fact. The Appellate Tribunal held that the assessee failed to establish the bona fides of its contentions in that regard. 5.. We are of the view that the finding so arrived at by the Appellate Tribunal is justified on facts. The order of the Appellate Tribunal does not suffer from any error of law. The revision is without merit. It is dismissed. Petiti ..... X X X X Extracts X X X X X X X X Extracts X X X X
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