https://www.taxtmi.com/caselaws?id=328392 The Tribunal dismissed the appeal, upholding the rejection of books of account and the income estimation by the Assessing Officer. The estimation rates applied were considered appropriate and consistent with precedents. The plea for allowing depreciation and financial charges from estimated profits was rejected based on established judicial principles. The decision was pronounced on 13th May 2016. en-us Fri, 13 May 2016 00:00:00 +0530 Thu, 02 Jun 2016 15:38:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328392 The Tribunal dismissed the appeal, upholding the rejection of books of account and the income estimation by the Assessing Officer. The estimation rates applied were considered appropriate and consistent with precedents. The plea for allowing depreciation and financial charges from estimated profits was rejected based on established judicial principles. The decision was pronounced on 13th May 2016. Case-Laws Income Tax Fri, 13 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328392