https://www.taxtmi.com/caselaws?id=252131 The Court upheld the rejection of the assessee's books of accounts due to discrepancies and non-compliance with audit requirements. It found the estimation of income without disclosing materials for rebuttal to be in violation of natural justice principles, necessitating fresh proceedings. The addition of 30 lakhs to the assessee's income for a specific year was confirmed as the evidence supporting the claim was lacking. The Court remanded the matter for proper estimation of income with disclosure of materials and opportunity for rebuttal, setting aside the assessment orders except for the confirmed addition. en-us Fri, 19 Sep 2014 00:00:00 +0530 Sat, 11 Oct 2014 09:52:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252131 The Court upheld the rejection of the assessee's books of accounts due to discrepancies and non-compliance with audit requirements. It found the estimation of income without disclosing materials for rebuttal to be in violation of natural justice principles, necessitating fresh proceedings. The addition of 30 lakhs to the assessee's income for a specific year was confirmed as the evidence supporting the claim was lacking. The Court remanded the matter for proper estimation of income with disclosure of materials and opportunity for rebuttal, setting aside the assessment orders except for the confirmed addition. Case-Laws Income Tax Fri, 19 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252131