https://www.taxtmi.com/caselaws?id=234837 The appeal challenged the disallowance of expenses under section 144 of the Income Tax Act, 1961, amounting to Rs. 4,43,000. The Assessing Officer disallowed expenses for lack of details and bills, resulting in a total disallowance of Rs. 6,48,000. The Ld. CIT(A) reduced the disallowance by Rs. 2,05,000. The Tribunal upheld the assessment made by the Ld. CIT(A) due to unreasonably low net profit shown by the appellant, despite arguments for a fair estimate. Non-compliance with notices and lack of cooperation in the assessment process led to the dismissal of the appeal. en-us Fri, 21 Jun 2013 00:00:00 +0530 Thu, 27 Jun 2013 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234837 The appeal challenged the disallowance of expenses under section 144 of the Income Tax Act, 1961, amounting to Rs. 4,43,000. The Assessing Officer disallowed expenses for lack of details and bills, resulting in a total disallowance of Rs. 6,48,000. The Ld. CIT(A) reduced the disallowance by Rs. 2,05,000. The Tribunal upheld the assessment made by the Ld. CIT(A) due to unreasonably low net profit shown by the appellant, despite arguments for a fair estimate. Non-compliance with notices and lack of cooperation in the assessment process led to the dismissal of the appeal. Case-Laws Income Tax Fri, 21 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234837