https://www.taxtmi.com/caselaws?id=328785 The ITAT allowed the assessee's appeal, deleting the addition of the difference in bank balances made by the Assessing Officer as it lacked a legal basis and was inconsistent with the estimation of income based on turnover and profit percentage. The ITAT directed the Assessing Officer accordingly, ruling in favor of the assessee in the assessment of taxable income for the relevant year. en-us Wed, 27 Apr 2016 00:00:00 +0530 Tue, 14 Jun 2016 12:57:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328785 The ITAT allowed the assessee's appeal, deleting the addition of the difference in bank balances made by the Assessing Officer as it lacked a legal basis and was inconsistent with the estimation of income based on turnover and profit percentage. The ITAT directed the Assessing Officer accordingly, ruling in favor of the assessee in the assessment of taxable income for the relevant year. Case-Laws Income Tax Wed, 27 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328785