1998 (7) TMI 666

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..... was conducted on March 5, 1988 and then stock variation to the extent of Rs. 50,000 was found. For that reason, the assessing officer estimated the turnover by adding 20 per cent to the taxable turnover. 3.. On appeal the appellate authority reduced the estimated turnover to three times of the suppressed turnover. 4.. By the order of the appellate authority, both the assessee as well as the Re .....

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..... his is a case where the pattern of suppression is not established. The total turnover of the assessee is of the magnitude of Rs. 48,32,448. Stock variation is only to the tune of Rs. 50,000 and that too on a single date, viz., March 5, 1988. Considering these facts, the appellate authority reduced the estimated turnover to three times of the suppressed turnover. To reverse the order of the appella .....

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