https://www.taxtmi.com/caselaws?id=67285 Where accounts are incomplete, claimed past savings for cash introduction may be estimated on a reasonable basis having regard to the nature of the business and past earning capacity, and a liberal estimate was not accepted for full credit. Additional evidence at the appellate stage may be admitted under Rule 46A where it supports facts already pleaded and is necessary for effective disposal of the appeal in the interests of justice. On these principles, the claim for full allowance of the cash introduction failed, while admission of the additional evidence was upheld; both cross appeals failed. en-us Fri, 24 Sep 1976 00:00:00 +0530 Wed, 09 Mar 2011 18:36:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67285 Where accounts are incomplete, claimed past savings for cash introduction may be estimated on a reasonable basis having regard to the nature of the business and past earning capacity, and a liberal estimate was not accepted for full credit. Additional evidence at the appellate stage may be admitted under Rule 46A where it supports facts already pleaded and is necessary for effective disposal of the appeal in the interests of justice. On these principles, the claim for full allowance of the cash introduction failed, while admission of the additional evidence was upheld; both cross appeals failed. Case-Laws Income Tax Fri, 24 Sep 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67285