https://www.taxtmi.com/caselaws?id=173481 Unreliable trading results, defective proof of purchases, and unexplained cash credits can justify rejection of accounts and a reasonable estimate of profits under the proviso to section 13. The accounts were treated as unsafe because the bulk of purchases was not properly proved, the claimed mutton business loss was unsupported by surrounding facts, and the cash credits in the sister's, brother's, personal, and charcoal accounts lacked credible evidence of source or genuineness. On those facts, the books were rejected, the income estimate was upheld, and the references were answered against the assessee. en-us Mon, 19 Oct 1959 00:00:00 +0530 Wed, 16 Sep 2015 15:58:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173481 Unreliable trading results, defective proof of purchases, and unexplained cash credits can justify rejection of accounts and a reasonable estimate of profits under the proviso to section 13. The accounts were treated as unsafe because the bulk of purchases was not properly proved, the claimed mutton business loss was unsupported by surrounding facts, and the cash credits in the sister's, brother's, personal, and charcoal accounts lacked credible evidence of source or genuineness. On those facts, the books were rejected, the income estimate was upheld, and the references were answered against the assessee. Case-Laws Income Tax Mon, 19 Oct 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173481