https://www.taxtmi.com/caselaws?id=67003 Regular books of account were maintained for the lodge business, and the receipts and net income were duly shown in the accounts. In the absence of any valid reason to reject the declared results, income could not be enhanced on estimate. The declared net income was accepted as the proper figure, and the estimated addition sustained by the appellate authority was deleted in favour of the assessee. en-us Wed, 01 Apr 1981 00:00:00 +0530 Tue, 08 Mar 2011 16:56:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67003 Regular books of account were maintained for the lodge business, and the receipts and net income were duly shown in the accounts. In the absence of any valid reason to reject the declared results, income could not be enhanced on estimate. The declared net income was accepted as the proper figure, and the estimated addition sustained by the appellate authority was deleted in favour of the assessee. Case-Laws Income Tax Wed, 01 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67003