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1970 (2) TMI 8 - HC - Income TaxMemorandum books - assessee employed his own trucks for the purpose of the contract business - no accounts of his business were produced by him - his income from such business was assessed by applying a rate on the receipts and depreciation on the trucks - assessee claimed a loss u/s 10(2)(vii) - memorandum register was produced which showed the relevant entry regarding the purchase and sale of vehicles wherein the loss had been calculated and written off within the meaning of section 10(2)(vii) - revenue's application for issue of mandamus is dismissed
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