https://www.taxtmi.com/caselaws?id=292696 An assessment made after the assessee attended in response to notice and produced books and evidence falls under section 23(3) of the Income-tax Act, 1922, even if the Income-tax Officer does not accept the books as conclusive; that alone does not amount to failure to comply with notice or justify best-judgment assessment under section 23(4). Because the assessment was under section 23(3), an appeal lay and the Commissioner was bound to state a case under section 66(2). The produced books also raised a substantial question on the proper method of determining taxable profits, making judicial reference appropriate. en-us Mon, 15 Jun 1925 00:00:00 +0530 Tue, 05 Jan 2021 10:46:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292696 An assessment made after the assessee attended in response to notice and produced books and evidence falls under section 23(3) of the Income-tax Act, 1922, even if the Income-tax Officer does not accept the books as conclusive; that alone does not amount to failure to comply with notice or justify best-judgment assessment under section 23(4). Because the assessment was under section 23(3), an appeal lay and the Commissioner was bound to state a case under section 66(2). The produced books also raised a substantial question on the proper method of determining taxable profits, making judicial reference appropriate. Case-Laws Income Tax Mon, 15 Jun 1925 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292696