1996 (3) TMI 114

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..... and circumstances of the case, the sum of Rs. 18,022 was allowable as a deduction in computing the business income of the assessee ? " We have heard learned standing counsel for the Department. None appears for the assessee, although he has been served with notice. The assessee is a registered firm and the relevant assessment year is 1972-73. The assessee does business of manufacture and sale .....

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..... ere no genuine sales has not been disturbed by the Tribunal, hence, there was no question of allowing the claim of sales tax. Whether the assessee was following the mercantile system or not was not relevant at all when there were no sales. Hence, we answer the question in the negative, i.e., in favour of the Department and against the assessee. No order as to costs. - - TaxTMI - TMI .....

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