https://www.taxtmi.com/caselaws?id=66370 The Tribunal allowed the appeal by the assessee, overturning the AO's rejection of the book results and the income estimation under section 145. The Tribunal directed the AO to accept the book results as presented by the assessee and to complete the assessment based on these results, highlighting the necessity of consistency and proper evidence evaluation. The Tribunal found that the AO's assumptions were incorrect and that the assessee had provided sufficient material to justify its claims, effectively countering the revenue authorities' contentions. en-us Wed, 29 Mar 2006 00:00:00 +0530 Wed, 13 Mar 2024 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66370 The Tribunal allowed the appeal by the assessee, overturning the AO's rejection of the book results and the income estimation under section 145. The Tribunal directed the AO to accept the book results as presented by the assessee and to complete the assessment based on these results, highlighting the necessity of consistency and proper evidence evaluation. The Tribunal found that the AO's assumptions were incorrect and that the assessee had provided sufficient material to justify its claims, effectively countering the revenue authorities' contentions. Case-Laws Income Tax Wed, 29 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66370