1934 (3) TMI 34

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... for the year 1931-32. In order to verify the declaration, the books of the firm were examined. The Income Tax Officer came to the conclusion that the books had not been properly kept and were valueless for purposes of assessment. He accordingly proceeded to assess the income on the basis of such consideration as appeared to him to afford an indication of what the real income under assessment had b .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... istant Commissioner and the Income Tax Officer were justified in treating the sum of ₹ 1,350 as income in this case?" The finding of the assessing officer has already been given. He included the amount due by way of interest on the mortgage merely because the books have been found to be false and he could not, therefore, be certain whether this sum had been received or not. In refusing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s to decide whether the Income Tax Officer was entitled us to do is to decide whether the Income Tax Officer was entitled to reject the accounts as unreliable or not. This is a question which is expressly reserved to the assessing officer, under Section 13 of the Indian Income Tax Act. This disposes of the reference. We allow the Income Tax Commissioner hi
Case laws, Decisions, Judgements, Ord .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X