https://www.taxtmi.com/caselaws?id=64524 The Tribunal found that the document (Annexure P) was not admissible or reliable to estimate the firm's income as it lacked a clear link to the assessee. Discrepancies in sales and purchases were noted, leading to the rejection of the books of account, but the Tribunal required further verification before making any additions. The Tribunal directed the Assessing Officer to compute income based on the books of account and investigate the sales discrepancies. Ultimately, the income estimation based on Annexure P was not upheld, and both appeals were allowed in favor of the assessee. en-us Mon, 21 Sep 1998 00:00:00 +0530 Tue, 08 Feb 2011 13:31:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64524 The Tribunal found that the document (Annexure P) was not admissible or reliable to estimate the firm's income as it lacked a clear link to the assessee. Discrepancies in sales and purchases were noted, leading to the rejection of the books of account, but the Tribunal required further verification before making any additions. The Tribunal directed the Assessing Officer to compute income based on the books of account and investigate the sales discrepancies. Ultimately, the income estimation based on Annexure P was not upheld, and both appeals were allowed in favor of the assessee. Case-Laws Income Tax Mon, 21 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64524