1998 (3) TMI 655

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..... n upholding the additions made by the assessing officer on account of purported unaccounted purchases of arrack by the revision-petitioner. 3.. The revision-petitioner is an abkari contractor. She made purchases of arrack from the distilleries, owned and controlled by the Government of Kerala during the year 1986-87 and had paid tax on such purchases at the point of purchase. It is not disputed .....

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..... discrepancies in the books of accounts were there, they related only to the transactions made in regard to the purchases from the Government distillery on which tax was already paid and that there is nothing on record to indicate that the revision-petitioner made unaccounted purchases liable to be taxed. It is submitted before us that arrack is not a salable commodity in the open market and that i .....

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..... is for the respondents to explain as to wherefrom the unaccounted purchases were made by the revision petitioner. No cogent explanation whatsoever has been given by the respondents. 7.. Simply because the books of accounts were not found to be fully posted at the time of the inspection, we are of the view that no addition could be made only for that reason drawing the inference that the books of .....

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