https://www.taxtmi.com/caselaws?id=38169 Whether income, profits and gains could be properly deduced from the regular method of accounting was treated as a question of fact for the taxing authorities. Where the accounts lacked stock tallies and sales entries did not identify the quality of goods sold, those defects were relevant material supporting rejection of the books under the proviso to section 13 of the Indian Income-tax Act, 1922. The court would not interfere unless the finding was unsupported by material or rested on irrelevant material. On the facts, the Tribunal's conclusion was sustained and the assessee's challenge failed. en-us Tue, 03 Dec 1974 00:00:00 +0530 Sat, 03 Apr 2010 15:44:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38169 Whether income, profits and gains could be properly deduced from the regular method of accounting was treated as a question of fact for the taxing authorities. Where the accounts lacked stock tallies and sales entries did not identify the quality of goods sold, those defects were relevant material supporting rejection of the books under the proviso to section 13 of the Indian Income-tax Act, 1922. The court would not interfere unless the finding was unsupported by material or rested on irrelevant material. On the facts, the Tribunal's conclusion was sustained and the assessee's challenge failed. Case-Laws Income Tax Tue, 03 Dec 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38169