1934 (3) TMI 34

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.... of income tax due from them for the year 1931-32. In order to verify the declaration, the books of the firm were examined. The Income Tax Officer came to the conclusion that the books had not been properly kept and were valueless for purposes of assessment. He accordingly proceeded to assess the income on the basis of such consideration as appeared to him to afford an indication of what the real ....

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.... :- "Whether the Assistant Commissioner and the Income Tax Officer were justified in treating the sum of Rs. 1,350 as income in this case?" The finding of the assessing officer has already been given. He included the amount due by way of interest on the mortgage merely because the books have been found to be false and he could not, therefore, be certain whether this sum had been receiv....