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Income estimate by applying a flat rate can be fair if AO exercises his judgment reasonably and not arbitrarily
Case Law Details
- Case Name
- Commissioner Of Income-Tax Vs S. Sen And Others. (Orissa High Court,)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Orissa High Court
Orissa High Court
Commissioner Of Income-Tax And
vs
S. Sen And Others.
Date- 9 December, 1948
Equivalent citations: 1949 17 ITR 355 Orissa
JUDGMENT RAY, C.J – The proceeding arises out of two application consolidated because of the facts being identical, by the Commissioner of Income-tax/Excess profits Tax, Bihar and Orissa, under Section 66(1) of the Income-tax Act read with Section 21 of the Excess profits tax Act for the stating a case and a case stated for the opinion of this Court on the following three question of law :-
“(1) Whether in the circumstances of the case, the...
