https://www.taxtmi.com/caselaws?id=36505 The High Court ruled in favor of the assessee, a registered firm involved in liquor vending, in a dispute over income computation for the assessment year. The Court held that the proviso to Section 145(1) of the Income Tax Act was not applicable as the accounts were not deemed correct and complete by authorities. The judgment emphasized the importance of accurate accounting for income tax assessments, directing the Tribunal to decide the appeal in line with the law. en-us Tue, 05 Feb 1980 00:00:00 +0530 Mon, 22 Mar 2010 17:10:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36505 The High Court ruled in favor of the assessee, a registered firm involved in liquor vending, in a dispute over income computation for the assessment year. The Court held that the proviso to Section 145(1) of the Income Tax Act was not applicable as the accounts were not deemed correct and complete by authorities. The judgment emphasized the importance of accurate accounting for income tax assessments, directing the Tribunal to decide the appeal in line with the law. Case-Laws Income Tax Tue, 05 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36505