https://www.taxtmi.com/caselaws?id=63644 The proviso to Section 145(1) of the Income-tax Act was treated as applicable where the book results were found unreliable, permitting rejection of the accounts and estimation of income. In making a fair estimate, the tax authorities relied on the assessee's past performance, earlier assessment years, and comparative turnover and net profit figures as benchmarks. On that basis, net profit was estimated at Rs. 25,000, resulting in partial relief to the assessee. en-us Mon, 06 Sep 1982 00:00:00 +0530 Tue, 01 Feb 2011 12:07:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63644 The proviso to Section 145(1) of the Income-tax Act was treated as applicable where the book results were found unreliable, permitting rejection of the accounts and estimation of income. In making a fair estimate, the tax authorities relied on the assessee's past performance, earlier assessment years, and comparative turnover and net profit figures as benchmarks. On that basis, net profit was estimated at Rs. 25,000, resulting in partial relief to the assessee. Case-Laws Income Tax Mon, 06 Sep 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63644