1977 (7) TMI 86

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....For the assessment year under appeal the assessee returned income of Rs. 3,100 and Rs. 5,157 respectively. Profit and Loss accounts and Balance Sheets for these years were filed, but in view of an alleged fire the books of accounts, stated to be destroyed, were not produced. The ITO in the absence of evidence to support the statement filed made additions of Rs. 3,000 and Rs. 3,500 to the business ....

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....ary of Rs. 250 in 1957 rising to Rs. 650 in 1971. Due to the adverse financial conditions of the employer the assessee had to be retrenched. It was in such circumstances she was forced to start the personal business on a small scale. The full details of the receipts etc. for the business are available even though the books could not be produced since they were destroyed in fire. No omissions, mani....

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.... parties have been produced. 3. For the Department, it is pointed out that no evidence for the destruction of records by fire has been produced. Even though the business was started for the first time, the receipts indicated in the statements on file showed that the business was prosperous; that the assessee had maintained books of account for this year would be clear from the fact that stateme....