https://www.taxtmi.com/caselaws?id=177847 Under the Income-tax Act, 1922, a prior assessment finding is not barred by strict res judicata in a later assessment year, because income-tax proceedings are not civil adjudications in the ordinary sense; however, an earlier factual acceptance cannot be displaced arbitrarily and reconsideration requires fresh material. The three-year restriction on calling for accounts applies in the special context of best-judgment assessment, not to a normal enquiry into the truth of a deduction claim. In such an enquiry, older accounts may be sought and non-production may justify an adverse inference under ordinary evidentiary principles. en-us Wed, 23 Oct 1929 00:00:00 +0530 Mon, 27 Feb 2017 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177847 Under the Income-tax Act, 1922, a prior assessment finding is not barred by strict res judicata in a later assessment year, because income-tax proceedings are not civil adjudications in the ordinary sense; however, an earlier factual acceptance cannot be displaced arbitrarily and reconsideration requires fresh material. The three-year restriction on calling for accounts applies in the special context of best-judgment assessment, not to a normal enquiry into the truth of a deduction claim. In such an enquiry, older accounts may be sought and non-production may justify an adverse inference under ordinary evidentiary principles. Case-Laws Income Tax Wed, 23 Oct 1929 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177847