1976 (12) TMI 36

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....REDDY J.--The assessee, a liquor contractor for Mandi Dabwali, for the year ending March 31, 1966, returned an income of Rs. 282 for the assessment year 1966-67. The Income-tax Officer rejected the books produced by the assessee and estimated the sales at Rs. 11,50,000 (as against Rs. 10,78,858 shown in the books) and estimated the profit at 7 1/2 per cent. of the total estimated sales. This came ....

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....justified in taking into account the comparable cases of other assessees for the current year or the assessee's own assessments of earlier years, if the assessee was carrying on the same business in those years. But, he said, the revenue was not justified in taking into account the case of a different assessee for an earlier year. He submitted that because of Indo-Pakistan war in September, 1965, ....