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

..... 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 been. Among other items, it included a sum of ₹ 1,35 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ied 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 to refer the case, the Commissioner supported this finding .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X