https://www.taxtmi.com/caselaws?id=67099 The tribunal set aside the CIT (A)'s order reducing income for a partnership firm in the country liquor contract business. The tribunal rejected the assessing officer's arbitrary income estimation method and upheld the firm's accounting practices. It directed the assessing officer to accept the firm's book results and reevaluate any expense disallowances based on proper evidence. The tribunal dismissed the Revenue's appeal and partially allowed the firm's cross-objection for statistical purposes. en-us Thu, 20 Mar 1986 00:00:00 +0530 Wed, 09 Mar 2011 10:51:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67099 The tribunal set aside the CIT (A)'s order reducing income for a partnership firm in the country liquor contract business. The tribunal rejected the assessing officer's arbitrary income estimation method and upheld the firm's accounting practices. It directed the assessing officer to accept the firm's book results and reevaluate any expense disallowances based on proper evidence. The tribunal dismissed the Revenue's appeal and partially allowed the firm's cross-objection for statistical purposes. Case-Laws Income Tax Thu, 20 Mar 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67099