https://www.taxtmi.com/caselaws?id=166286 Where an assessee's books are rejected and no reliable evidence is produced, the Income tax Officer may under Section 23(3) procure other material and make an assessment based on that material, but the officer must have material on which to base the assessment and take steps to obtain it (including calling witnesses and inquiries). Material obtained need not meet strict court admissibility, yet natural justice requires that the assessee be informed of such external material before finalising the order to enable rebuttal; where practicable the assessment should indicate the material relied upon. Section 13 permits alternate computation methods but does not authorize rejection of accounts or displace Section 23(3) principles. en-us Thu, 27 Oct 1938 00:00:00 +0530 Thu, 13 Feb 2020 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166286 Where an assessee's books are rejected and no reliable evidence is produced, the Income tax Officer may under Section 23(3) procure other material and make an assessment based on that material, but the officer must have material on which to base the assessment and take steps to obtain it (including calling witnesses and inquiries). Material obtained need not meet strict court admissibility, yet natural justice requires that the assessee be informed of such external material before finalising the order to enable rebuttal; where practicable the assessment should indicate the material relied upon. Section 13 permits alternate computation methods but does not authorize rejection of accounts or displace Section 23(3) principles. Case-Laws Income Tax Thu, 27 Oct 1938 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166286