https://www.taxtmi.com/caselaws?id=179244 The Tribunal allowed the appeal filed by the assessee, deleting both additions of Rs. 1,14,44,964 for pack up income and Rs. 4,72,084 for suppression of liquor sales during the assessment years 1998-99 to 2004-05. The Tribunal found that the Assessing Officer's estimations were not based on current year details and lacked factual basis, emphasizing that estimations should not be made when audited book results are available. en-us Wed, 21 Mar 2012 00:00:00 +0530 Tue, 23 Feb 2016 18:40:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179244 The Tribunal allowed the appeal filed by the assessee, deleting both additions of Rs. 1,14,44,964 for pack up income and Rs. 4,72,084 for suppression of liquor sales during the assessment years 1998-99 to 2004-05. The Tribunal found that the Assessing Officer's estimations were not based on current year details and lacked factual basis, emphasizing that estimations should not be made when audited book results are available. Case-Laws Income Tax Wed, 21 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179244