https://www.taxtmi.com/caselaws?id=187358 Failure to comply with a notice under section 22(4) may justify a best judgment assessment, but it does not automatically require refusal or cancellation of a firm's registration. The power to refuse registration is discretionary and must be exercised on judicial grounds, not arbitrarily or capriciously. On the facts, the books called for were produced and the record did not support any inference of suppression or withholding of undisclosed account books, so the default was not proved. Refusal of registration was therefore not justified, and the issue was resolved in favour of the assessee. en-us Thu, 22 Aug 1963 00:00:00 +0530 Wed, 19 Oct 2016 15:05:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187358 Failure to comply with a notice under section 22(4) may justify a best judgment assessment, but it does not automatically require refusal or cancellation of a firm's registration. The power to refuse registration is discretionary and must be exercised on judicial grounds, not arbitrarily or capriciously. On the facts, the books called for were produced and the record did not support any inference of suppression or withholding of undisclosed account books, so the default was not proved. Refusal of registration was therefore not justified, and the issue was resolved in favour of the assessee. Case-Laws Income Tax Thu, 22 Aug 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187358