There was a raid on some industries by the C.B.I., followed by another raid by the Income tax department, which reportedly led to recovery of incriminating documents.<\/p>\n
The Court stated that loose sheets of papers should be in the form of “Books of Accounts\u201d. While defining the term \u2018books of accounts\u2019, it stated that entries in loose papers\/sheets are irrelevant and not admissible under Section 34 of the Evidence Act, and that, a book is a book of account and they should be regularly kept in the course of business.<\/p>\n
The Court also stated that the value of entries in the books of account shall not alone be sufficient evidence to charge any person with liability, even if they are relevant and admissible. They are only corroborative evidence. It is incumbent upon the person relying upon those entries to prove that they are in accordance with the facts.<\/p>\n
It was held that loose sheets of papers are wholly irrelevant as evidence being not admissible under Section 34 so as to constitute evidence with respect to the transactions mentioned therein having no evidentiary value.<\/p>\n","protected":false},"excerpt":{"rendered":"
Indian Evidence Act 1872.<\/p>\n
S.34: Books of Accounts \u2013 Entries in Loose papers \u2013 Incriminating materials seized in raids conducted on industries \u2013 Not maintained in the regular course of business \u2013 Not Admissible [Criminal Procedure Code (2 of 1974), S. 156 Income -tax Act 1961 S. 2(13) ].<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11566","post","type-post","status-publish","format-standard","hentry","category-allied-laws"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-30y","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=11566"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11566\/revisions"}],"predecessor-version":[{"id":11567,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11566\/revisions\/11567"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=11566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=11566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=11566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}