The Income tax Officer required the assessee to furnish various particulars and documents under Section 22 4 of the Act.
On appeal to the Appellate Assistant Commissioner it was reduced to Rs.
The assessee ran into financial difficulties and the bonus remained unpaid for some years.
54,479/ was credited to the profit and loss account.
17,470/ was paid to the employees as bonus in full settlement and the balance of Rs.
The Income tax Officer made an assessment under Section 23 4 estimating the assessees Income at Rs.
The Income tax Officer treated the credit of Rs.
These were number furnished.
In the accounting year relevant to the assessment year 1957 58 with which we are number companycerned a sum of Rs.
In the accounts relating to the assessment year 1950 51 the assessee had claimed a sum of Rs.
1,80,000/ .
1,30,000/ .
This amount had actually number been paid but had been shown on the debit side.
For the assessment year 1950 51 the assessee returned an income of Rupees 14,555/ .
N. Grover, J. This is an appeal by certificate from a judgment of the Madras High Court answering the following question which had been referred to it under Section 66 1 of the Indian Income tax Act, 1922, hereinafter called the Act in the affirmative and against the assessee.
