https://www.taxtmi.com/caselaws?id=7753 The expression "books of the assessee" was read broadly for section 10(2)(vii) of the Indian Income-tax Act, 1922, so a memorandum register could qualify as a book of account and any defect in ordinary accounts would not by itself defeat allowance of the loss if the relevant entry was otherwise shown in that register. A question of law was recognised, but the Court declined to require a reference under section 66(2) because the point had already been settled by persuasive authority from other High Courts. The mandamus application was rejected, and the assessee's position was upheld. en-us Mon, 02 Feb 1970 00:00:00 +0530 Wed, 18 Mar 2009 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7753 The expression "books of the assessee" was read broadly for section 10(2)(vii) of the Indian Income-tax Act, 1922, so a memorandum register could qualify as a book of account and any defect in ordinary accounts would not by itself defeat allowance of the loss if the relevant entry was otherwise shown in that register. A question of law was recognised, but the Court declined to require a reference under section 66(2) because the point had already been settled by persuasive authority from other High Courts. The mandamus application was rejected, and the assessee's position was upheld. Case-Laws Income Tax Mon, 02 Feb 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7753