1996 (1) TMI 423

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..... e petitioner is a retail dealer. He declared total and taxable turnover as: 1987-88 1988-89 Rs. 10,31,614.17 Rs. 3,27,695.29 Rs. 1,31,433 Rs. 43,415 The assessing officer rejected the declared turnovers on the basis that classified sales account had not been properly maintained and determined the turnovers as under: Rs. 10,43,402 Rs .....

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..... er cent to general goods and dyes; 29.25 per cent to tea and 10 per cent to second dealer purchases is not correct. 3.. The Tribunal considered the question whether there were classified purchase accounts for the relevant years or any other material to accept the returns filed by the assessee. On examination of the material, the Tribunal found that no tangible material was available. The Tribuna .....

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..... h the dealer has to bear. Thus, the 1st, 3rd and 4th contentions advanced on behalf of the petitioner stand rejected. 4.. So far as the contention advanced on behalf of the petitioner, that the decision in New Swastik Flour Mills [1992] 84 STC 49 (Kar) would be applicable to the facts of the case, would not be correct inasmuch as the Supreme Court in Rajasthan Roller Flour Mills Association v. S .....

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