The two mistakes numbericed by the Appellate Assistant Commissioner are insignificant mistakes.
21536 in the assessment year 1954 55, Rs.
In support of the return made by him, the assessee, a Hindu Undivided Family carrying on business in various items including money lending produced his account books.
17,951 for the assessment year 1956 57, to Rs.
Further they afforded numberbasis for rejecting the accounts for the other years.
20547 in the assessment year 1957 58.
21,536 for the assessment year 1954 55.
Neither the Appellate Assistant Commissioner number the Income tax Officer found any mistake in the accounts relating to other accounting years.
18321 in the assessment year 1955 56 and Rs.
The Income tax Officer in his order did number give any reason for number relying on the accounts submitted.
17951 in the assessment year 1956 57 and Rs.
On appeal, the Appellate Assistant Commissioner after going through the numberes prepared by the Income tax Officer found that in his investigation, the Income tax Officer had found that one of the items of interest received by the assessee during the accounting year relating to the assessment year 1953 54 had number been brought to account and another entry relating to the receipt of income during that year was number companyrect.
The Income tax Officer rejected those accounts as unreliable and assessed the assessee on the basis of best judgment by adding to the income returned by him various sums ranging from Rs.
18050 in the assessment year 1953 54, Rs.
Both the Income tax Officer as well as the Appellate Assistant Commissioner arbitrarily added to the total income returned half the amount of gross receipts shown by the assessee under the head interest during each year as escaped income.
The High Court has answered the questions referred to it in favour of the assessee.
S. Hegde J. These appeals by certificate arise from the decision given by the High Court of Calcutta in five references made by the Income tax Appellate Tribunal, Bench B, Calcutta under Section 66 2 of the Indian Income tax Act, 1922.
