https://www.taxtmi.com/caselaws?id=249733 The High Court upheld the Tribunal's decision to restore the Assessing Officer's order, rejecting the appellant's challenge. The Court found the Tribunal's reasoning on estimating gross profits based on past records to be adequate and justified, affirming the Assessing Officer's decision. The High Court emphasized the importance of considering past profit estimates as a guide for current assessments and concluded that the Tribunal's decision was reasoned and warranted, dismissing the appeal and answering the legal questions accordingly. en-us Fri, 18 Jul 2014 00:00:00 +0530 Fri, 10 Oct 2014 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249733 The High Court upheld the Tribunal's decision to restore the Assessing Officer's order, rejecting the appellant's challenge. The Court found the Tribunal's reasoning on estimating gross profits based on past records to be adequate and justified, affirming the Assessing Officer's decision. The High Court emphasized the importance of considering past profit estimates as a guide for current assessments and concluded that the Tribunal's decision was reasoned and warranted, dismissing the appeal and answering the legal questions accordingly. Case-Laws Income Tax Fri, 18 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249733