https://www.taxtmi.com/caselaws?id=67272 The Tribunal partly allowed the appeals, determining the assessee's status as "HUF" from the assessment year 1966-67 onwards based on returns. The AAC's estimation of sales and net profit at 2.30 times lease money paid and 13.5%, respectively, was upheld due to the lack of specific sales data and financial records in the timber contract business. en-us Mon, 25 Aug 1975 00:00:00 +0530 Wed, 09 Mar 2011 18:12:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67272 The Tribunal partly allowed the appeals, determining the assessee's status as "HUF" from the assessment year 1966-67 onwards based on returns. The AAC's estimation of sales and net profit at 2.30 times lease money paid and 13.5%, respectively, was upheld due to the lack of specific sales data and financial records in the timber contract business. Case-Laws Income Tax Mon, 25 Aug 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67272