https://www.taxtmi.com/caselaws?id=185078 When accounts are rejected as false, incomplete, or untrustworthy, section 13 of the Income-tax Act, 1922 permits the Income-tax Officer to compute income on such basis and in such manner as he determines, even if the available material is insufficient because the assessee's records cannot be relied on. The Act also does not require the officer to furnish detailed reasons or full particulars for rejecting the accounts before making the assessment under section 23(2); only the notice contemplated by the statute is required. On that basis, the assessment could lawfully proceed on best judgment and was sustained. en-us Mon, 18 Feb 1929 00:00:00 +0530 Fri, 29 Jul 2016 18:25:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185078 When accounts are rejected as false, incomplete, or untrustworthy, section 13 of the Income-tax Act, 1922 permits the Income-tax Officer to compute income on such basis and in such manner as he determines, even if the available material is insufficient because the assessee's records cannot be relied on. The Act also does not require the officer to furnish detailed reasons or full particulars for rejecting the accounts before making the assessment under section 23(2); only the notice contemplated by the statute is required. On that basis, the assessment could lawfully proceed on best judgment and was sustained. Case-Laws Income Tax Mon, 18 Feb 1929 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185078