https://www.taxtmi.com/caselaws?id=7318 Failure to comply with a notice to produce accounts attracted section 23(4), enabling best judgment assessment and refusal to renew a firm's registration under section 26A. The statutory scheme distinguished cancellation of an already granted registration from refusal to register or renew it: the proviso to section 23(4) required notice for cancellation, but did not impose a separate prior notice requirement for refusal of renewal. On the facts described, the authorities treated the assessee's non-compliance as sufficient ground to refuse renewal, and no prejudice from lack of further opportunity was shown. The refusal to renew registration was therefore treated as lawful and valid. en-us Tue, 01 Mar 1966 00:00:00 +0530 Tue, 17 Feb 2009 20:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7318 Failure to comply with a notice to produce accounts attracted section 23(4), enabling best judgment assessment and refusal to renew a firm's registration under section 26A. The statutory scheme distinguished cancellation of an already granted registration from refusal to register or renew it: the proviso to section 23(4) required notice for cancellation, but did not impose a separate prior notice requirement for refusal of renewal. On the facts described, the authorities treated the assessee's non-compliance as sufficient ground to refuse renewal, and no prejudice from lack of further opportunity was shown. The refusal to renew registration was therefore treated as lawful and valid. Case-Laws Income Tax Tue, 01 Mar 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7318