https://www.taxtmi.com/caselaws?id=7457 The proviso to section 13 of the Indian Income-tax Act, 1922 was held inapplicable where the assessee consistently followed an accepted accounting method and the authorities failed to show that the accounts were false or that income, profits and gains could not properly be deduced from them. Rejection of the accounts based on low yield, absence of a day-to-day dryage register, and comparison with another case lacked a reliable foundation, and the absence of such a register was not shown to be decisive. The appellate estimate was therefore treated as an arbitrary approximation rather than a computation based on proved material, and the addition of Rs. 15,000 was unsustainable. en-us Tue, 13 Aug 1968 00:00:00 +0530 Fri, 20 Feb 2009 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7457 The proviso to section 13 of the Indian Income-tax Act, 1922 was held inapplicable where the assessee consistently followed an accepted accounting method and the authorities failed to show that the accounts were false or that income, profits and gains could not properly be deduced from them. Rejection of the accounts based on low yield, absence of a day-to-day dryage register, and comparison with another case lacked a reliable foundation, and the absence of such a register was not shown to be decisive. The appellate estimate was therefore treated as an arbitrary approximation rather than a computation based on proved material, and the addition of Rs. 15,000 was unsustainable. Case-Laws Income Tax Tue, 13 Aug 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7457