Nova Scotia Bank

When a part of the surrender can be accepted on proper explanation the rest can also be allowed to be explained. The assessee's claim that balance was from cash withdrawals from cash book has to be tested on the facts appearing in the case. For that test it would be necessary that cash book be examined. Both members agree to that effect - the Accountant Member stating that if cash is found withdrawn it should be excepted whereas the Judicial Member directs to verify as t.. Full Article