§ MR. MACDONALDI beg to ask the Secretary to the Treasury whether the Commissioners of Income Tax are in the habit of accepting audited balance sheets as evidence of the net profits of a business; and, if not, what are the means they adopt of estimating the profits upon which they assess the tax?
§ SIR J. T. HIBBERTCommissioners of Income Tax are empowered by law to call upon appellants to furnish such Information in such form as, in their discretion, they consider is necessary for the purposes of the Income Tax Acts. It is, therefore, entirely within the discretion of the Commissioners to accept, or not to accept, balance sheets as evidence, as well as to determine what other evidence, if any, they may require.