https://www.taxtmi.com/caselaws?id=66487 Section 131 confers powers akin to a civil court for purposes of the Act and may be invoked independently without first exhausting sections 142(1) and 143(2); on that basis, the objection to jurisdiction was rejected. On the penalty issue, the short compliance time, the intervening public holidays, the later production of accounts, and the completion of assessment under section 143(3) without any profit estimation showed that intentional non-production was not established. The fine for non-production of account books was therefore found unsustainable and was cancelled. en-us Tue, 25 Nov 1986 00:00:00 +0530 Fri, 25 Feb 2011 13:19:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66487 Section 131 confers powers akin to a civil court for purposes of the Act and may be invoked independently without first exhausting sections 142(1) and 143(2); on that basis, the objection to jurisdiction was rejected. On the penalty issue, the short compliance time, the intervening public holidays, the later production of accounts, and the completion of assessment under section 143(3) without any profit estimation showed that intentional non-production was not established. The fine for non-production of account books was therefore found unsustainable and was cancelled. Case-Laws Income Tax Tue, 25 Nov 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66487