https://www.taxtmi.com/caselaws?id=175767 The proviso to Section 13 places the sufficiency of accounts for deducing profits within the Income-tax Officer's judgment where the books do not permit proper computation. The officer need not prove inadequacy by ordinary evidence if there is material supporting the conclusion that the stock account or book results are defective. On that basis, the rejection of book profits and the finding that the accounts were unfit for proper profit computation were treated as matters of statutory judgment, not a question of law, unless the decision is arbitrary or capricious. en-us Fri, 31 Aug 1951 00:00:00 +0530 Fri, 04 Dec 2015 16:26:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175767 The proviso to Section 13 places the sufficiency of accounts for deducing profits within the Income-tax Officer's judgment where the books do not permit proper computation. The officer need not prove inadequacy by ordinary evidence if there is material supporting the conclusion that the stock account or book results are defective. On that basis, the rejection of book profits and the finding that the accounts were unfit for proper profit computation were treated as matters of statutory judgment, not a question of law, unless the decision is arbitrary or capricious. Case-Laws Income Tax Fri, 31 Aug 1951 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175767