https://www.taxtmi.com/caselaws?id=7592 Book results could not be rejected merely because the assessee did not maintain or furnish the addresses of cash customers. The account books were otherwise regular, the cash sales were undisputed, sales were at prevailing market rates, and there was no finding of suppression of sales or understatement of rates. In cash transactions of this kind, there was no legal necessity to record customers' addresses, and assumptions about possible scarcity of sugar were not a sound evidentiary basis for invoking the proviso to section 13 of the Indian Income-tax Act, 1922. The Tribunal's contrary view was treated as resting on surmise rather than material on record, and the addition made by the Income-tax Officer was deleted. en-us Wed, 30 Jul 1969 00:00:00 +0530 Mon, 02 Mar 2009 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7592 Book results could not be rejected merely because the assessee did not maintain or furnish the addresses of cash customers. The account books were otherwise regular, the cash sales were undisputed, sales were at prevailing market rates, and there was no finding of suppression of sales or understatement of rates. In cash transactions of this kind, there was no legal necessity to record customers' addresses, and assumptions about possible scarcity of sugar were not a sound evidentiary basis for invoking the proviso to section 13 of the Indian Income-tax Act, 1922. The Tribunal's contrary view was treated as resting on surmise rather than material on record, and the addition made by the Income-tax Officer was deleted. Case-Laws Income Tax Wed, 30 Jul 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7592