1978 (9) TMI 178

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n support of rejection of account books of the assessee ? 2. Whether there was any material to sustain the finding that the account books of the assessee were rightly rejected by the assessing authority ? 2. The assessee is a dealer in foodgrain and oilseeds. It filed its return and submitted its accounts in support thereof. The account books were rejected solely on the ground that the asse .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e turnover for foodgrains at ₹ 3,50,000/- and for oilseeds at ₹ 4,50,000/-. 3. Coming to the first question it is not possible to accept the grounds given by the Assessing Authority for rejection of the accounts. There is no clear finding that the assessee evaded the surveying party. Even assuming that he did so, only an adverse inference could be drawn against the assessee that in .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X