https://www.taxtmi.com/caselaws?id=257161 The Court ruled in favor of the assessee and dismissed the Department's appeal against the Income Tax Appellate Tribunal's decision for the Assessment Year 1991-92. The Court upheld the Tribunal's decision regarding the estimation of gross profit, emphasizing that additions based on estimates are not sustainable. It concluded that the Assessing Officer's estimation was not justified, citing relevant legal precedents. en-us Fri, 23 Jan 2015 00:00:00 +0530 Wed, 04 Mar 2015 07:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257161 The Court ruled in favor of the assessee and dismissed the Department's appeal against the Income Tax Appellate Tribunal's decision for the Assessment Year 1991-92. The Court upheld the Tribunal's decision regarding the estimation of gross profit, emphasizing that additions based on estimates are not sustainable. It concluded that the Assessing Officer's estimation was not justified, citing relevant legal precedents. Case-Laws Income Tax Fri, 23 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257161