https://www.taxtmi.com/caselaws?id=10150 The court upheld the Income-tax Officer's decision to apply the provisos to section 145 of the Income-tax Act, ruling against the assessee. The judgment emphasized the importance of accurate bookkeeping and timely recording of transactions, affirming the significance of genuine financial records for fair assessment in tax matters. The decision clarified the interpretation of the provisos to section 145, discouraging unreliable practices in financial reporting. en-us Tue, 03 Aug 2004 00:00:00 +0530 Wed, 08 Jul 2009 08:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10150 The court upheld the Income-tax Officer's decision to apply the provisos to section 145 of the Income-tax Act, ruling against the assessee. The judgment emphasized the importance of accurate bookkeeping and timely recording of transactions, affirming the significance of genuine financial records for fair assessment in tax matters. The decision clarified the interpretation of the provisos to section 145, discouraging unreliable practices in financial reporting. Case-Laws Income Tax Tue, 03 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10150