https://www.taxtmi.com/caselaws?id=159168 The Kerala High Court upheld the 10% addition in a tax case based on the rejection of books of accounts and resort to estimation. The Court found the first appellate authority's reduction from 20% to 10% reasonable and supported by facts. Emphasizing each year as a separate assessment unit, the Court dismissed the tax revision case, affirming the lower authorities' decisions as adequately reasoned. The Appellate Tribunal's approval of the addition was deemed fair and not arbitrary, with no legal issues raised. en-us Mon, 30 Sep 1996 00:00:00 +0530 Sat, 16 Nov 2013 17:26:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159168 The Kerala High Court upheld the 10% addition in a tax case based on the rejection of books of accounts and resort to estimation. The Court found the first appellate authority's reduction from 20% to 10% reasonable and supported by facts. Emphasizing each year as a separate assessment unit, the Court dismissed the tax revision case, affirming the lower authorities' decisions as adequately reasoned. The Appellate Tribunal's approval of the addition was deemed fair and not arbitrary, with no legal issues raised. Case-Laws VAT and Sales Tax Mon, 30 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159168