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2019 (12) TMI 57 - HC - VAT and Sales TaxRejection of books of accounts - estimation of production based on electricity consumption - sale of raw material due to low production yield - low quality of raw material - HELD THAT:- Once the Tribunal has itself recorded the finding that the entire production activity was regularly monitored by the excise authorities and that the raw material was of poor quality, there did not exist any material to reject the books of accounts of the assessee solely on account of electricity consumption appearing to be in excess - In absence of any material brought on record as may evidence sale of raw material in the same form and condition or of excess production, the conclusion drawn by the Tribunal to uphold rejection of books of accounts and to sustain the estimation of turnover to any extent is self contradicted by the Tribunal's own finding. Revision allowed - decided in favour of the assessee and against the revenue.
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