https://www.taxtmi.com/caselaws?id=9097 Books of account cannot be rejected on conjecture, undisclosed comparables, or an erroneous assumption that an internal requisition slip is the primary record of purchases. Where the assessee produces statutory and audited records, the relevant cane purchase evidence remains the weighment and excise registers, and adverse inference on sugar recovery must rest on disclosed material with evidentiary basis. On these principles, the rejection of the books under section 13 of the Indian Income-tax Act, 1922, was not justified, and the addition of the disputed amount was not sustainable. en-us Mon, 18 Mar 1974 00:00:00 +0530 Fri, 19 Jun 2009 13:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9097 Books of account cannot be rejected on conjecture, undisclosed comparables, or an erroneous assumption that an internal requisition slip is the primary record of purchases. Where the assessee produces statutory and audited records, the relevant cane purchase evidence remains the weighment and excise registers, and adverse inference on sugar recovery must rest on disclosed material with evidentiary basis. On these principles, the rejection of the books under section 13 of the Indian Income-tax Act, 1922, was not justified, and the addition of the disputed amount was not sustainable. Case-Laws Income Tax Mon, 18 Mar 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9097