https://www.taxtmi.com/caselaws?id=76480 The court, led by V. Gopala Gowda J., condoned a 107-day delay in filing the appeal and admitted the appeal. The court upheld the Tribunal's order, finding it based on proper evidence and not perverse. The court dismissed the appeal challenging the assessment based on guesswork and stock valuation methods, agreeing with the Tribunal's decision. Additionally, the court upheld the Tribunal's invocation of section 145 due to the appellant's failure to maintain proper books of account. The court affirmed the Tribunal's acceptance of tax liability, dismissing the appeal for lack of merit. en-us Fri, 12 Jun 2009 00:00:00 +0530 Sat, 26 Jun 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76480 The court, led by V. Gopala Gowda J., condoned a 107-day delay in filing the appeal and admitted the appeal. The court upheld the Tribunal's order, finding it based on proper evidence and not perverse. The court dismissed the appeal challenging the assessment based on guesswork and stock valuation methods, agreeing with the Tribunal's decision. Additionally, the court upheld the Tribunal's invocation of section 145 due to the appellant's failure to maintain proper books of account. The court affirmed the Tribunal's acceptance of tax liability, dismissing the appeal for lack of merit. Case-Laws Income Tax Fri, 12 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76480