https://www.taxtmi.com/caselaws?id=183786 Section 33(4) of the Indian Income-tax Act, 1922 gives the Appellate Tribunal wide power to pass such orders as it thinks fit and to substitute its own decision for the order under appeal. Rule 12 of the Appellate Tribunal Rules, 1946 also permits the Tribunal to decide an appeal on a ground not taken in the memorandum, provided the affected party has had a sufficient opportunity of being heard. The text further notes that an income estimate based on material such as missing stock records, unverifiable purchases, and apparent under-disclosed profits will generally not be interfered with where supported by record. en-us Tue, 05 Jun 1951 00:00:00 +0530 Tue, 21 Jun 2016 17:08:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183786 Section 33(4) of the Indian Income-tax Act, 1922 gives the Appellate Tribunal wide power to pass such orders as it thinks fit and to substitute its own decision for the order under appeal. Rule 12 of the Appellate Tribunal Rules, 1946 also permits the Tribunal to decide an appeal on a ground not taken in the memorandum, provided the affected party has had a sufficient opportunity of being heard. The text further notes that an income estimate based on material such as missing stock records, unverifiable purchases, and apparent under-disclosed profits will generally not be interfered with where supported by record. Case-Laws Income Tax Tue, 05 Jun 1951 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183786