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2017 (2) TMI 1398 - HC - VAT and Sales TaxDiscard of books of account - books of account of the assessee have been discarded by the authorities under the Act essentially on the ground that there was excess consumption of electricity in auxiliary works - Held that:- The view so taken by the Tribunal is in apparent conflict that the ratio of law laid down by this Court in M/S Shyam Rice Mills [1987 (12) TMI 336 - ALLAHABAD HIGH COURT]. This Court had relied upon two previous judgement, which have been referred to in the decision to hold that mere excess consumption of electricity, can at best given rise to suspicion so as to warrant examination of other materials, but that by itself would not be sufficient to discard the books of account. There is nothing on record to show that accounts furnished were otherwise not reliable - the tribunal was not justified in discarding the books of account for the reasons recorded in the order.
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