https://www.taxtmi.com/caselaws?id=49449 Revenue authorities may infer inflation of wages and salaries where comparative figures show a marked increase, supporting records are not produced, and acquittance rolls contain irregularities such as acknowledgments by persons other than the payees or missing acknowledgments. The explanation offered by the assessee was not accepted, and the addition was sustained as a finding of fact. The commentary also notes that section 23(3) was not breached merely because every adverse reason was not separately put to the assessee, so long as the material relied on was already part of the record and the assessee had an opportunity to meet it. The disallowance was therefore upheld. en-us Wed, 19 Oct 1960 00:00:00 +0530 Mon, 01 Sep 2014 21:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49449 Revenue authorities may infer inflation of wages and salaries where comparative figures show a marked increase, supporting records are not produced, and acquittance rolls contain irregularities such as acknowledgments by persons other than the payees or missing acknowledgments. The explanation offered by the assessee was not accepted, and the addition was sustained as a finding of fact. The commentary also notes that section 23(3) was not breached merely because every adverse reason was not separately put to the assessee, so long as the material relied on was already part of the record and the assessee had an opportunity to meet it. The disallowance was therefore upheld. Case-Laws Income Tax Wed, 19 Oct 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49449