https://www.taxtmi.com/caselaws?id=285814 Where disclosed profits are disproportionately low against a rising turnover, and the account books are unsupported by vouchers or other verifiable material, the income-tax authority may treat the trading account as unreliable and estimate additional profits on available material. The Lahore HC note states that the evidentiary value of such books is limited when they rest largely on the assessee's own assertion and cannot be properly checked. On that footing, the trading account was rejected and an estimated addition to income was sustained, with the issue answered against the assessee and in favour of the Revenue. en-us Wed, 10 Jun 1936 00:00:00 +0530 Tue, 28 Jan 2020 12:00:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285814 Where disclosed profits are disproportionately low against a rising turnover, and the account books are unsupported by vouchers or other verifiable material, the income-tax authority may treat the trading account as unreliable and estimate additional profits on available material. The Lahore HC note states that the evidentiary value of such books is limited when they rest largely on the assessee's own assertion and cannot be properly checked. On that footing, the trading account was rejected and an estimated addition to income was sustained, with the issue answered against the assessee and in favour of the Revenue. Case-Laws Income Tax Wed, 10 Jun 1936 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285814