https://www.taxtmi.com/caselaws?id=218986 The Tribunal upheld the order confirming the AO's addition of Rs. 12,55,520 under various heads due to non-production of books of account and ad-hoc disallowances. It found the AO's disallowances reasonable and permissible, rejecting the assessee's arguments regarding Section 44AD application and net profit estimation. The Tribunal also upheld the disallowance of depreciation claim on the Road Roller, emphasizing the need for proper documentation. The Tribunal clarified its limited powers under Section 254 of the Income-tax Act, stating it cannot act as a first-instance court and can only intervene if lower authorities' decisions are unreasonable. The appeal was dismissed. en-us Mon, 14 May 2012 00:00:00 +0530 Sat, 01 Dec 2012 07:16:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218986 The Tribunal upheld the order confirming the AO's addition of Rs. 12,55,520 under various heads due to non-production of books of account and ad-hoc disallowances. It found the AO's disallowances reasonable and permissible, rejecting the assessee's arguments regarding Section 44AD application and net profit estimation. The Tribunal also upheld the disallowance of depreciation claim on the Road Roller, emphasizing the need for proper documentation. The Tribunal clarified its limited powers under Section 254 of the Income-tax Act, stating it cannot act as a first-instance court and can only intervene if lower authorities' decisions are unreasonable. The appeal was dismissed. Case-Laws Income Tax Mon, 14 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218986