Rejection of documents amounts to ‘Prejudicial to Interest of Revenue’ if AO taken one of the possible views

The Dynasty Vs The State of Assam (Gauhati High Court) Conclusion:  Where two views were possible, an interference by an appellate or a revisional court would be unwarranted merely because the other view appeared to be more attractive, thus, no interference was required in the judgment of the Assam Board of Revenue in respect of the view taken that further evidences were required to have been provided by assessee as regards the stand taken that the information contained in the seized documents were related to some other hotel and that they were procured to arrive at a projection of sales of ...