There may also arise a situation where the assessee maintains regular books of account as also the stock register in which case the accounts can not be rejected.
The representatives of distilleries, wholesale and retail liquor outlets were asked to maintain stock register with dealer wise, brand wise and pack-wise details on dispatch of liquor stock.
Deficiencies in the maintenance of stock registers and inventories so identification and location of items purchased could not be ascertained, resulting in the risk of pilferage.
