https://www.taxtmi.com/caselaws?id=276659 Income arising in earlier years from the assessee's collieries business could not be treated as income of the relevant previous year merely because it was later detected or had escaped assessment in prior years. The court distinguished the cited authority on the basis that it applied only where the assessee itself had treated the amounts as income of the relevant year in its accounts; that was not the position here, where the amounts had been carried in running accounts, transferred between accounts, or shown in the cash book before the relevant year. The sum of Rs. 92,188 was therefore not assessable as income, profits or gains of the previous year for assessment year 1938-39. en-us Fri, 04 Nov 1949 00:00:00 +0530 Thu, 15 Nov 2018 12:44:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276659 Income arising in earlier years from the assessee's collieries business could not be treated as income of the relevant previous year merely because it was later detected or had escaped assessment in prior years. The court distinguished the cited authority on the basis that it applied only where the assessee itself had treated the amounts as income of the relevant year in its accounts; that was not the position here, where the amounts had been carried in running accounts, transferred between accounts, or shown in the cash book before the relevant year. The sum of Rs. 92,188 was therefore not assessable as income, profits or gains of the previous year for assessment year 1938-39. Case-Laws Income Tax Fri, 04 Nov 1949 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276659