1995 (12) TMI 43

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... uestions : " (a) Whether, on the facts and circumstances of the case, the Income-tax Appellate Tribunal was justified in estimating the turnover at Rs. 4,00,000 as against Rs. 1,99,362 shown, whereas as per the law the applicant was not bound to maintain his accounts as the sales were below Rs. 2,50,000 ? (b) Whether, on the facts and circumstances of the case, the hon'ble Income-tax Appellate .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of account are maintained by the assessee and, therefore, the assessing authority made a best judgment assessment. It is stated that the assessing authority relied on the inspector's report which was based on the survey conducted in the month of September, 1993. The assessment year herein is 1992-93. The submission of counsel for the assessee is that the report of the inspector relating to the ass .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X