https://www.taxtmi.com/caselaws?id=326784 The Tribunal upheld the CIT(A)'s order, rejecting both the Revenue's appeals and the assessee's cross-objections. The Tribunal agreed with the CIT(A)'s acceptance of the 'cash system of accounts,' rejection of books of accounts, and estimation of income at 9%. The deletions made under sections 40A(3) and 40(a)(ia) were upheld. Additionally, the Tribunal affirmed the enhancement of income for AY 2005-06 and the taxation of turnover in AY 2006-07. The cross-objections by the assessee were deemed academic and dismissed. en-us Mon, 29 Feb 2016 00:00:00 +0530 Mon, 25 Apr 2016 11:56:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326784 The Tribunal upheld the CIT(A)'s order, rejecting both the Revenue's appeals and the assessee's cross-objections. The Tribunal agreed with the CIT(A)'s acceptance of the 'cash system of accounts,' rejection of books of accounts, and estimation of income at 9%. The deletions made under sections 40A(3) and 40(a)(ia) were upheld. Additionally, the Tribunal affirmed the enhancement of income for AY 2005-06 and the taxation of turnover in AY 2006-07. The cross-objections by the assessee were deemed academic and dismissed. Case-Laws Income Tax Mon, 29 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326784