https://www.taxtmi.com/caselaws?id=210391 The Court found in favor of the revenue against the assessee in an Income Tax Appeal under Section 260-A of the Income Tax Act, 1961. The Tribunal's order was deemed perverse, leading to a remittance of the matter back to the Tribunal for a fresh decision based on merits and in accordance with the law. The judgment highlighted issues related to the interpretation of substantial questions of law, assessment based on estimation and reliability of books of accounts, rejection of books of accounts, and the perversity in the Tribunal's order. en-us Thu, 08 Dec 2011 00:00:00 +0530 Fri, 20 Jan 2012 17:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210391 The Court found in favor of the revenue against the assessee in an Income Tax Appeal under Section 260-A of the Income Tax Act, 1961. The Tribunal's order was deemed perverse, leading to a remittance of the matter back to the Tribunal for a fresh decision based on merits and in accordance with the law. The judgment highlighted issues related to the interpretation of substantial questions of law, assessment based on estimation and reliability of books of accounts, rejection of books of accounts, and the perversity in the Tribunal's order. Case-Laws Income Tax Thu, 08 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210391