Assessment under income tax law can not be made on bare suspicion

Supreme Court of India Dhakeswari Cotton Mills Ltd vs CIT (Supreme Court) DATE OF JUDGMENT: 29/10/1954 AUTHOR: MAHAJAN, MEHAR CHAND (CJ) BENCH: MAHAJAN, MEHAR CHAND (CJ) DAS, SUDHI RANJAN HASAN, GHULAM BHAGWATI, NATWARLAL H. AIYYAR, T.L. VENKATARAMA CITATION: 1955 AIR 65 | 1955 SCR (1) 941 ACT: Constitution of India, Art. 136-Appeal by Special Leave-Supreme Court’s power-Indian Income-tax Act (XI of 1922), s. 23(3)-Assessment when invalid. HEAD NOTE: It is not possible to define with any precision the limitations of the powers conferred on the Supreme Court by Art. 136 o...