9911796707
TMI Blog2011 (7) TMI 1035X X X X Extracts X X X X X X X X Extracts X X X X ..... facts and circumstances, addition made/partly deleted on estimated basis appears reasonable - revision dismissed - decided against assessee. - Trade Tax Revision No. 137 of 2002 - - - Dated:- 14-7-2011 - SATISH CHANDRA (DR), J. For the Appellant : Pradeep Agarwal For the Respondent : The C.S.C. DR. SATISH CHANDRA J.- The present revision has been filed by the assessee under sec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ven to the assessee. Not being satisfied, the assessee has filed the second appeal before the Tribunal, who vide its impugned order has dismissed the appeal filed by the assessee. Still being aggrieved, the assessee has knocked the door of this court by filing the present revision. With this background, Sri Pradeep Agarwal, learned counsel for the revisionist, submits that as per the circular d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... taining the books of accounts has neither provided in the Act nor in the Rules. The rule 72 of the U. P. Trade Tax Rules provides that the assessee shall maintain a true and correct accounts of all his purchases, sales and stocks showing the quantity and value for verification of the accuracy of this turnover of sale and purchase. He further submits that the turnover of the assessee was less than ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... books of accounts were filed, so, the books of accounts were rejected and the assessing officer made the addition on estimate basis. The first appellate authority has partially reduced the addition on estimate basis, which was upheld by the Tribunal. When no stock register of finished goods was produced at any stage then only recourse is left to make addition on estimate basis and the same was do ..... X X X X Extracts X X X X X X X X Extracts X X X X
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