1985 (12) TMI 363

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ng to assessment year 1978-79. 2. The applicant deals in iron and steel. In the year in question the books of account were rejected and the turnover was enhanced by the assessing authority. The assessee had claimed exemption against Forms 3-A to the extent of ₹ 11,86,112/-which was also rejected. In the first appeal filed by the assessee account books were accepted but the exemption claim .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... in this regard is liable to be maintained. 4. As regards the sales made to M/s. National Iron Depot, Haldwani, it has been found by the Tribunal that the firm was registered and the forms in question were issued but the Haldwani party had shown much less sales in the details filed before the relevant assessing officer while the assessee has shown much higher sales Exemption has been allowed by .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X