Dhakeswari Cotton Mills Ltd. vs Commissioner Of Income Tax

Whether an assessment made under Section 23(3) of the Income Tax Act 1922 based on pure guesswork without disclosing material to the assessee violates principles of natural justice --- Held Yes; Whether the Supreme Court can exercise its extraordinary jurisdiction under Article 136 of the Constitution to interfere with findings of fact by the Tribunal --- Held Yes when there is arbitrariness or violation of natural justice.