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2016 (11) TMI 131 - HC - VAT and Sales TaxQuantification of escaped assessment - rejection of the books of accounts - excessive electricity consumption and the same did not appear to be commensurate with the declared quantity of production - Held that: - it is apparent that the rejection of books of accounts of the assessee on this solitary ground cannot be sustained. More importantly this court notices that a reasonable and plausible explanation had been duly proffered by the assessee to explain the irregular electricity consumption. The Court notices that neither the assessing authority nor the Tribunal disputed or doubted the disclosures made by the assessee in respect of the accident which had taken place in its business premises. The order of the Tribunal as also that of the assessing authority cannot be sustained even on this score - revision allowed - decided in favor of revisionist.
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