https://www.taxtmi.com/caselaws?id=277196 Whether appellate income-tax authorities may alter the profit basis fixed by an assessing officer: the proviso to Section 13 permits an assessing officer to adopt a computation method where books fail to disclose true income, but that adoption does not immunise the method from appellate scrutiny; Sections 31(3)(b) and 32(3) empower the Assistant Commissioner and Commissioner on appeal to enhance an assessment and pass orders after hearing. Applying these principles, appellate authorities have statutory power to examine and, if wrongful, modify or raise the percentage basis used by the Income-tax Officer, and the answer is affirmative. en-us Tue, 17 Feb 1942 00:00:00 +0630 Wed, 28 Nov 2018 15:14:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277196 Whether appellate income-tax authorities may alter the profit basis fixed by an assessing officer: the proviso to Section 13 permits an assessing officer to adopt a computation method where books fail to disclose true income, but that adoption does not immunise the method from appellate scrutiny; Sections 31(3)(b) and 32(3) empower the Assistant Commissioner and Commissioner on appeal to enhance an assessment and pass orders after hearing. Applying these principles, appellate authorities have statutory power to examine and, if wrongful, modify or raise the percentage basis used by the Income-tax Officer, and the answer is affirmative. Case-Laws Income Tax Tue, 17 Feb 1942 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=277196