9911796707
TMI Blog1981 (12) TMI 45X X X X Extracts X X X X X X X X Extracts X X X X ..... ding to him, the sales amounting to Rs. 16,611,25 had been suppressed. The assessee had explained that it was because the sales made during the last month was at reduced rate in order to finish stocks. The ITO, however, found that the assessee could not produce vouchers and, therefore, he could not be given full allowance for the reduction in the value of the turnover; he claimed to have registered during the sale in the month of March. Therefore, he caused an addition of Rs. 8,000 only to the turnover on account of the suppressed sales. The CIT (A), however, when the matter went to him in appeal, did not find that the ITO was justified in making the addition of Rs. 8,000 in place of Rs. 16,611.25 representing the reduction in the sale as h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1971 were slightly less. In our opinion, there is no justification for making this addition because it is an admitted position that, in the month March, the liquor contractors generally reduced their rates. The reduction in the rates takes place because the quantity of liquor already purchased chased has to be cleared before the accounting year." Therefore, the counsel for the assessee submitted that the lower authorities in ignoring the general practice prevalent in the last month of the licence have reached erroneous finding. 3. Having heard the rival submissions, we are inclined to find force in the submission of the assessee. Following the finding of the Tribunal, reproduced above, we hold that there was no justification for the l ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... m for deduction. The assessee, who is now before us, repeats the same plea. We find that, instead of rendering monetary assistance to the Excise Department, he now refers to the expenditure on conveyance incurred by him in connection with the raid for unearthing distillation. According to the Deptl. Rep., the assessee had never referred to the expenditure incurred by the assessee on conveyance used by the Excise personnel in connection with the raid for unearthing illicit distillation. He also refers to the finding of the CIT that the disallowance was made on account of the lack of vouchers of proof for the actual disbursement of the expenditure. 5. Having heard both the sides, we are not impressed by approach of the Revenue in this matt ..... X X X X Extracts X X X X X X X X Extracts X X X X
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