1984 (12) TMI 77

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..... 42. He also deals in kerosene oil and other allied products in the Branch styled Vijai Agencies. Here he declared a profit of about 30 per cent on the sales of Rs. 30,282. The ITO observed in the assessment order that the cash memos had credit memos were produced before him which were test checked, that the purchases and sales were vouched and that no discrepancy was noticed in the stock register. .....

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..... 3. On behalf of the assessee it was submitted by the ld. counsel for the assessee that whatever might have been decided in the earlier years, the ITO himself had found that proper stock account was maintained and the purchase and sales were vouched. According to him, therefore, no addition could be made to the trading account. He admitted that the assessee had not maintained regular books of submi .....

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..... the expenses. The ITO has, however, allowed full expenses. I, therefore, uphold the finding of the AAC deleting the addition of Rs. 7,000. I may, however, express my unhappiness over the summary way in which he has disposed of this appeal. I will advise him to pass detailed orders with full reasons in deciding the appeals. 5. In the result, the appeal in dismissed.
Case laws, Decisions, Judg .....

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