https://www.taxtmi.com/caselaws?id=39985 An admission in account books is not conclusive proof of the true nature of expenditure, and the assessee may rebut it by showing that the accounts do not reflect the real facts. Where the Tribunal has not properly examined that plea and appears to have relied mainly on an earlier year's decision, the resulting questions arising from its order are fit for reference under the Kerala Agricultural Income-tax Act reference provision. The High Court was therefore required to direct the Tribunal to state the case and refer the questions for opinion, and the assessee succeeded on that point. en-us Wed, 22 Sep 1971 00:00:00 +0530 Wed, 07 Oct 2015 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39985 An admission in account books is not conclusive proof of the true nature of expenditure, and the assessee may rebut it by showing that the accounts do not reflect the real facts. Where the Tribunal has not properly examined that plea and appears to have relied mainly on an earlier year's decision, the resulting questions arising from its order are fit for reference under the Kerala Agricultural Income-tax Act reference provision. The High Court was therefore required to direct the Tribunal to state the case and refer the questions for opinion, and the assessee succeeded on that point. Case-Laws Income Tax Wed, 22 Sep 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39985