https://www.taxtmi.com/caselaws?id=243051 The Tribunal upheld the rejection of the books of account and directed the income to be estimated at 8% on main contract receipts and 5% on subcontract receipts. Additionally, the Tribunal sustained the addition made under section 68 for unexplained cash credits, rejecting the argument for telescoping. The appeal was partly allowed, with the Tribunal's decision pronounced on January 9, 2013. en-us Wed, 09 Jan 2013 00:00:00 +0530 Sat, 25 Jan 2014 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243051 The Tribunal upheld the rejection of the books of account and directed the income to be estimated at 8% on main contract receipts and 5% on subcontract receipts. Additionally, the Tribunal sustained the addition made under section 68 for unexplained cash credits, rejecting the argument for telescoping. The appeal was partly allowed, with the Tribunal's decision pronounced on January 9, 2013. Case-Laws Income Tax Wed, 09 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243051