https://www.taxtmi.com/caselaws?id=67326 Estimating income from a money-lending business solely at 20 per cent of capital employed was unjustified where the assessee's results had been accepted in earlier years and the same cash book pattern was not disturbed in the subsequent year. On the totality of the circumstances, the authorities could not reject the trading result merely because the return appeared low. The estimated addition was therefore not sustainable and was deleted. en-us Fri, 25 Jul 1980 00:00:00 +0530 Thu, 10 Mar 2011 10:47:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67326 Estimating income from a money-lending business solely at 20 per cent of capital employed was unjustified where the assessee's results had been accepted in earlier years and the same cash book pattern was not disturbed in the subsequent year. On the totality of the circumstances, the authorities could not reject the trading result merely because the return appeared low. The estimated addition was therefore not sustainable and was deleted. Case-Laws Income Tax Fri, 25 Jul 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67326