https://www.taxtmi.com/caselaws?id=69413 The Tribunal allowed the appeal in part, setting the total assessable income at Rs. 3,00,000. A best judgment assessment was conducted, considering discrepancies in accounts, historical profit rates, and specific disallowances and additions. The Tribunal added Rs. 1,40,000 for inflated purchases but deemed the provision for sales-tax as inadmissible. The total income was estimated to ensure fairness, accounting for potential other inadmissibles, and reflecting the unreliability of the accounts and specific issues in the assessment year. en-us Fri, 29 Sep 1989 00:00:00 +0530 Wed, 06 Apr 2011 16:16:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69413 The Tribunal allowed the appeal in part, setting the total assessable income at Rs. 3,00,000. A best judgment assessment was conducted, considering discrepancies in accounts, historical profit rates, and specific disallowances and additions. The Tribunal added Rs. 1,40,000 for inflated purchases but deemed the provision for sales-tax as inadmissible. The total income was estimated to ensure fairness, accounting for potential other inadmissibles, and reflecting the unreliability of the accounts and specific issues in the assessment year. Case-Laws Income Tax Fri, 29 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69413