https://www.taxtmi.com/caselaws?id=328746 The Tribunal partially allowed the assessee's appeals, estimating income by considering unaccounted receipts and expenses. It emphasized the importance of reliable evidence for unaccounted expenditures and the necessity of a reasonable estimation process in the absence of complete records. The decision granted partial relief to the assessee by estimating profits for the relevant assessment years based on turnover bifurcation and margin considerations. en-us Fri, 10 Jun 2016 00:00:00 +0530 Mon, 13 Jun 2016 13:15:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328746 The Tribunal partially allowed the assessee's appeals, estimating income by considering unaccounted receipts and expenses. It emphasized the importance of reliable evidence for unaccounted expenditures and the necessity of a reasonable estimation process in the absence of complete records. The decision granted partial relief to the assessee by estimating profits for the relevant assessment years based on turnover bifurcation and margin considerations. Case-Laws Income Tax Fri, 10 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328746