https://www.taxtmi.com/caselaws?id=246737 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision on both issues related to the rejection of books of accounts and the estimation of profits. The Tribunal emphasized the importance of following consistent precedents in determining profits in liquor business cases, supporting the 5% estimation method based on purchase value or stock put for sale. en-us Wed, 16 Apr 2014 00:00:00 +0530 Mon, 21 Apr 2014 09:53:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246737 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision on both issues related to the rejection of books of accounts and the estimation of profits. The Tribunal emphasized the importance of following consistent precedents in determining profits in liquor business cases, supporting the 5% estimation method based on purchase value or stock put for sale. Case-Laws Income Tax Wed, 16 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246737