Saturday, February 17, 2024

Admissibility of entries in the books of account

 

The Bhartiya Sakshya Adhiniyam 2023 (Indian Evidence Act 2023) Section 28 deals with the admissibility of entries in the books of account as evidence in legal proceedings. According to this section, entries in the books of account, whether they are in physical or electronic form, are not sufficient evidence on their own to charge any person with liability.

In simpler terms, just because something is written or recorded in a company's financial records doesn't automatically make it true or legally binding. The law recognizes that there can be inaccuracies, manipulations, or errors in accounting entries, and relying solely on these entries may not provide a complete picture or establish liability.

Therefore, if a court is inquiring into a matter and relies solely on the entries in the books of account as evidence, Section 28 stipulates that such entries are not enough. The court will need additional evidence to substantiate any claims or charges against a person. This ensures that a more thorough investigation is conducted and that judgments are based on a broader range of evidence, not just accounting records.

Other types of evidence that may be required could include witness testimonies, documents, contracts, invoices, bank statements, or expert opinions, depending on the specifics of the case. These additional sources of evidence help corroborate or challenge the information provided in the books of account, providing a more comprehensive understanding for the court to make a fair and informed decision.

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Admissibility of entries in the books of account

  The Bhartiya Sakshya Adhiniyam 2023 (Indian Evidence Act 2023) Section 28 deals with the admissibility of entries in the books of accoun...