https://www.taxtmi.com/caselaws?id=292555 Section 22(4) of the Income-tax Act, 1922 was not confined to the period before an inquiry under Section 23(3) began; the Income-tax Officer could require accounts whenever they were needed for a proper assessment. However, a best judgment assessment under Section 23(4) could not be sustained where the assessment had to proceed on the merits after inquiry materials were already available, and the officer could not rely on a waived or inoperative default to extinguish the assessee's appeal rights. On the facts, the later notice was not treated as validly supporting a summary best judgment assessment, and the assessee succeeded on the decisive point. en-us Tue, 09 Jul 1929 00:00:00 +0530 Wed, 30 Dec 2020 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292555 Section 22(4) of the Income-tax Act, 1922 was not confined to the period before an inquiry under Section 23(3) began; the Income-tax Officer could require accounts whenever they were needed for a proper assessment. However, a best judgment assessment under Section 23(4) could not be sustained where the assessment had to proceed on the merits after inquiry materials were already available, and the officer could not rely on a waived or inoperative default to extinguish the assessee's appeal rights. On the facts, the later notice was not treated as validly supporting a summary best judgment assessment, and the assessee succeeded on the decisive point. Case-Laws Income Tax Tue, 09 Jul 1929 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292555