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2016 (11) TMI 82 - HC - VAT and Sales TaxRejection of books of accounts - best judgment assessment - non-production of books on inspection - suppression of facts - escaped and undisclosed turnover - whether a failure on the part of the assessee to produce the books of accounts during the course of survey as well as whether the same can form a valid ground for rejection of books? - Held that: - a failure on the part of the assessee to produce the relevant books of accounts can validly form one of the circumstances which may weigh with the assessing authority to reject the books of accounts. Non-production of the books of accounts at the time of survey is a factor which can be taken into consideration by the Assessing officer while examining the return to find out whether the same is incorrect or incomplete. Revision dismissed - decided against revisionist.
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