https://www.taxtmi.com/caselaws?id=284905 Income-tax authorities could require production of account-books of a foreign business carried on in British India when the books were relevant to checking the return and determining whether remittances represented capital or profits. The Officer was therefore entitled to call for the ledger, cash book and daybook. Where such books were ordinarily within the assessee's possession and control, failure to comply with the production notice justified a best judgment assessment under Section 23(4) unless the assessee proved inability to produce them. On the stated facts, the books were within the assessee's control and non-production supported assessment under Section 23(4). en-us Mon, 14 Apr 1930 00:00:00 +0530 Mon, 16 Dec 2019 17:24:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284905 Income-tax authorities could require production of account-books of a foreign business carried on in British India when the books were relevant to checking the return and determining whether remittances represented capital or profits. The Officer was therefore entitled to call for the ledger, cash book and daybook. Where such books were ordinarily within the assessee's possession and control, failure to comply with the production notice justified a best judgment assessment under Section 23(4) unless the assessee proved inability to produce them. On the stated facts, the books were within the assessee's control and non-production supported assessment under Section 23(4). Case-Laws Indian Laws Mon, 14 Apr 1930 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284905