https://www.taxtmi.com/caselaws?id=181420 The High Court dismissed the appeal, affirming the decisions of the CIT(A) and ITAT. The court upheld the restriction of the addition to business income from retail trade due to insufficient evidence supporting the business claims. The importance of evidence in determining the nature of income was emphasized, leading to the specific amount being upheld as the net income based on estimated turnover. en-us Tue, 19 Nov 2013 00:00:00 +0530 Sat, 23 May 2026 13:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181420 The High Court dismissed the appeal, affirming the decisions of the CIT(A) and ITAT. The court upheld the restriction of the addition to business income from retail trade due to insufficient evidence supporting the business claims. The importance of evidence in determining the nature of income was emphasized, leading to the specific amount being upheld as the net income based on estimated turnover. Case-Laws Income Tax Tue, 19 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181420