Supreme Court · 1959 INSC 83 · Decided 14 May 1959
MESSRS. Lalchand Bhagat Ambical Ram v. The Commissioner of Income-Tax, Bihar & Orissa
- Court
- Supreme Court of India
- Citation
- 1959 INSC 83 · [1960] 1 S.C.R. 301
- Case number
- CIVIL APPEAL No. 679/1957
- Decided
- 14 May 1959
- Bench
- SUDHI RANJAN DAS, NATWARLAL HARILAL BHAGWATI, M. HIDAYATULLAH (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 136
Headnote
COURT REPORTS 301 MESSRS. LALCHAND BHAGAT AMBICAL RAM v. THE COMMISSIONER OF INCOME-TAX, BIHAR & ORISSA (S. R. DAs, C.J., N. H. BHAGWATI, and M. HIDAYATULLAH, JJ.) Income-ta.<t-Assessment based on conjectures-Fact finding authority acting without evidenc~-Power of court to interfere-High to the mercantile system and maintained in its cash books two accounts : one showing the cash balances from day to day and the other known as" Almirah account" wherein were kept large balances which were not required for the day-to-day working of the business. On January 12, 1946, on
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