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Rejection of books of accounts on the basis of high consumption of electricity justifiable
Case Law Details
- Case Name
- Shree Gorakhnath Food (P) Ltd. Vs Commissioner (Allahabad High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Allahabad High Court
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Shree Gorakhnath Food (P) Ltd. Vs Commissioner (Allahabad High Court)
Allahabad High Court held that excessive power consumption, prima facie, establishes the intention to suppress the production and the turnover. Accordingly, the books of account can be rejected on the basis of high consumption of electricity.
Facts- The Assessee had established a factory for manufacturing of Flour, Maida and Sooji. The matter relates to A.Y. 2007-08 for the period 01.01.2008 to 31.03.2008, and A.Y. 2008-09. The Assessee had disclosed total purchase of Rs.99,80,498/- and sale of Rs.1,20,78,303/- for the perio...
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