https://www.taxtmi.com/caselaws?id=247358 The Tribunal upheld the rejection of the books of account due to discrepancies, confirmed the income estimation at 3%, and denied separate allowance for depreciation. Interest was not separately allowed as a deduction, and previous tribunal decisions were followed for consistency. Both Revenue and assessee appeals were dismissed, aligning with established legal precedents and maintaining the income estimation and deductions as per the CIT(A)'s order. en-us Tue, 29 Apr 2014 00:00:00 +0530 Fri, 09 May 2014 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247358 The Tribunal upheld the rejection of the books of account due to discrepancies, confirmed the income estimation at 3%, and denied separate allowance for depreciation. Interest was not separately allowed as a deduction, and previous tribunal decisions were followed for consistency. Both Revenue and assessee appeals were dismissed, aligning with established legal precedents and maintaining the income estimation and deductions as per the CIT(A)'s order. Case-Laws Income Tax Tue, 29 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247358