https://www.taxtmi.com/caselaws?id=277196 An assessment made under the proviso to section 13 was treated as subject to appellate scrutiny, so the Income-tax Officer's chosen basis of computation was not immune from review. The appellate authorities' powers under sections 31 and 32 were construed broadly enough to examine whether the method and percentage rate adopted for profit computation were proper. Where the statute confers power to enhance an assessment, that power extends to altering the basis or rate applied to sales in computing income. The Assistant Commissioner and the Commissioner therefore had authority to change the profit basis and increase the percentage rate. 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 An assessment made under the proviso to section 13 was treated as subject to appellate scrutiny, so the Income-tax Officer's chosen basis of computation was not immune from review. The appellate authorities' powers under sections 31 and 32 were construed broadly enough to examine whether the method and percentage rate adopted for profit computation were proper. Where the statute confers power to enhance an assessment, that power extends to altering the basis or rate applied to sales in computing income. The Assistant Commissioner and the Commissioner therefore had authority to change the profit basis and increase the percentage rate. Case-Laws Income Tax Tue, 17 Feb 1942 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=277196