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Commissioner of Wealth Tax Vs. C. B. Muthusamy Chettiar (Decd) and anr ...

Court: Chennai

Reported in: (1997)141CTR(Mad)91

years 1972-73 and 1973-74 ?'2. The assessee is an individual deriving income from the proprietary business called M/s C. B. Muthusamy Chettiar & Co. The assessee claimed that he had by a declaration, dt. 30th September, 1969, impressed … the ITO came to the conclusion that the declaration, dt. 30th September, 1969, should not be accepted as valid in the absence of corresponding and contemporaneous entries in the books of accounts and since the entries in