https://www.taxtmi.com/caselaws?id=176863 The appeal challenging the rejection of Book Result due to destruction of records was dismissed as discrepancies were found by the Assessing Officer and alternative evidence was not provided. The estimation of gross profit at Rs. 14,61,504 was upheld based on the decline in profit, calculated at 33.97% using the average profit of the last three years. Despite the appellant's reasons for profit decrease, the estimation was confirmed considering the evidence and calculations presented during assessment. en-us Thu, 13 Jan 2011 00:00:00 +0530 Wed, 30 Dec 2015 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176863 The appeal challenging the rejection of Book Result due to destruction of records was dismissed as discrepancies were found by the Assessing Officer and alternative evidence was not provided. The estimation of gross profit at Rs. 14,61,504 was upheld based on the decline in profit, calculated at 33.97% using the average profit of the last three years. Despite the appellant's reasons for profit decrease, the estimation was confirmed considering the evidence and calculations presented during assessment. Case-Laws Income Tax Thu, 13 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176863