https://www.taxtmi.com/caselaws?id=240747 The ITAT affirmed the CIT(A)'s decision to reject the appellant's books of account, estimate net profit at 5% based on turnover variation, and include additional income and commission in the assessment for the appellant's lorry freight business. The appellant's arguments against the profit estimation and treatment of income were dismissed, with the ITAT finding the assessment reasonable given the lack of verifiable expenses and factual distinctions from previous cases. en-us Thu, 31 Jan 2013 00:00:00 +0530 Wed, 11 Dec 2013 09:35:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240747 The ITAT affirmed the CIT(A)'s decision to reject the appellant's books of account, estimate net profit at 5% based on turnover variation, and include additional income and commission in the assessment for the appellant's lorry freight business. The appellant's arguments against the profit estimation and treatment of income were dismissed, with the ITAT finding the assessment reasonable given the lack of verifiable expenses and factual distinctions from previous cases. Case-Laws Income Tax Thu, 31 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240747