https://www.taxtmi.com/caselaws?id=244093 The ITAT upheld the estimation of income at 5% of total sales, allowed set off of losses of earlier years against the income for the relevant assessment year, and permitted carry forward of any resulting loss in accordance with the provisions of the Income Tax Act. en-us Wed, 29 Jan 2014 00:00:00 +0530 Tue, 18 Feb 2014 06:40:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244093 The ITAT upheld the estimation of income at 5% of total sales, allowed set off of losses of earlier years against the income for the relevant assessment year, and permitted carry forward of any resulting loss in accordance with the provisions of the Income Tax Act. Case-Laws Income Tax Wed, 29 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244093