Case Law Details
Case Name : Dabros Industrial Co. (P.) Ltd. Vs Commissioner of Income-Tax (Calcutta High Court)
Related Assessment Year :
Courts :
All High Courts Calcutta High Court
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We have to ascertain whether there was any evidence or material before the Tribunal to estimate the profits. It is not disputed that the books of account of the assessee were not accepted. That being so, profit had to be estimated. Such estimate was made by the authorities on the basis of the performance of the predecessor-in-interest of the assessee, namely, the partnership firm. On such material the Income-tax Officer, the Appellate Assistant Commissioner, and, the Tribunal came to their respective conclusions. Apart from, the performance of the firm the Tribu
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