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TMI Blog2020 (3) TMI 819X X X X Extracts X X X X X X X X Extracts X X X X ..... ation for the same was given by the revisionist either before the authorities below of before this Court. The Tribunal has looked into all the aspects of the matter and considered the ground raised by the revisionist and has rightly upheld the rejection of the books of account of the revisionist and the assessment order passed by the Assessing Authority. The tribunal has also considered all the fact that the revisionist was a registered dealer with U.P. Khadi and Gramodyog Board and was supplying goods to Khadi Gramodyog. The findings recorded that the large amount of iron procured which was used in manufacturing was sham and such large quantity of iron could not have been procured which also does not tally with the output of the revisio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... port submitted by the Special Investigation Branch the Assessing Officer rejected the books of account submitted by the revisionist, on the basis of best judgment assessment made by means of order dated 26.02.1998 and the taxable turnover of the revisionist was enhanced to ₹ 1,51,25,000/- and tax of ₹ 6,13,700/- was assessed against the assessment order. The revisionist has preferred the first appeal before the Deputy Commissioner (Appeals) which was partly allowed and the taxable turn over was reduced to ₹ 72,35,088/- and tax thereon was assessed at ₹ 3,04,009/-. Against the order of the Deputy Commissioner (Appeals). The revenue as well as the revisionist preferred the appeal before the Commercial Tax Tribunal. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rein above and not being satisfied with the response of the revisionist, the Assessing Authority has concluded that the revisionist has conducted a sham business and he has not correctly maintained the books of account which has been done only with an intention to evade tax and thereby made his assessment accordingly. Aggrieved by the assessment order the revisionist preferred an appeal, where the first Appellate Authority looked into all the grounds taken by the revisionist as well as the books of account submitted before him and reduce the turnover of the revisionist and also the tax liability thereon. The revisionist thereafter assailed the order of First Appellate Authority before the Commercial Tax Tribunal. The Commercial Tax Tr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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