TMI Blog1972 (1) TMI 91X X X X Extracts X X X X X X X X Extracts X X X X ..... arterly returns and produced books of account in support thereof. The account books were found to be properly maintained and the returns were accepted in toto. Later on, the Sales Tax Officer discovered that the consumption of electricity used in the production of oil as shown by the assessee was disproportionately high. In his opinion, 24 units of electricity should produce one maund of oil and o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... st of the questions are merely arguments. In our opinion, only two questions of law arise. They are: "(1) Whether on the facts and in the circumstances of the case, there was material for initiating proceedings under section 21 of the Act. (2) If the answer to the first question is in the affirmative, whether there was material for rejecting the assessee's books of account." This court in Maha ..... X X X X Extracts X X X X X X X X Extracts X X X X
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