Central Bureau Of Investigation vs V.C. Shukla & Ors on 2 March, 1998
In support of this proposition, the learned AR drew strength from the
celebrated decision of the Hon'ble Supreme Court in Central Bureau of
Investigation v. V.C. Shukla & Ors. [Criminal Appeal Nos. 247-256 of
1998], wherein it was held that loose sheets or diaries, not being books of
account regularly kept in the course of business, are not admissible evidence
under section 34 of the Indian Evidence Act. The Court observed that entries
made by one person in such documents, unless corroborated by independent
evidence, cannot fasten liability on another. This, the AR submitted, was directly
applicable to the present case, where the Assessing Officer sought to tax the
assessee on the strength of the personal notings of PDG, without establishing
authorship, authenticity, or relevance.