https://www.taxtmi.com/caselaws?id=207088 The High Court upheld the Tribunal's decision to restore the addition of Rs.1,49,557/- based on the understatement of sale proceeds of rice bran. The Court found that the Commissioner of Income Tax (Appeals) was not justified in allowing relief and reinstated the Assessing Officer's order. The Court emphasized that the assessment had to be made on estimation due to unreliable books of account, and there was no perversity in the Tribunal's decision. The appeal against the Tribunal's decision was dismissed, affirming the addition made by the Assessing Authority. en-us Mon, 13 Dec 2010 00:00:00 +0530 Sat, 25 Jun 2011 12:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207088 The High Court upheld the Tribunal's decision to restore the addition of Rs.1,49,557/- based on the understatement of sale proceeds of rice bran. The Court found that the Commissioner of Income Tax (Appeals) was not justified in allowing relief and reinstated the Assessing Officer's order. The Court emphasized that the assessment had to be made on estimation due to unreliable books of account, and there was no perversity in the Tribunal's decision. The appeal against the Tribunal's decision was dismissed, affirming the addition made by the Assessing Authority. Case-Laws Income Tax Mon, 13 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207088