Income estimate by applying a flat rate can be fair if AO exercises his judgment reasonably and not arbitrarily

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

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