https://www.taxtmi.com/highlights?id=30814 Net income determination - assessee has not maintained proper vouchers but spent it in cash - instead of disallowing 50% of cash expenditure, AO should have estimated the income - AO directed to determine the net income of the assessee at 20% of the gross receipts - AT en-us Wed, 17 Aug 2016 09:08:18 +0530 Wed, 17 Aug 2016 09:08:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=30814 Net income determination - assessee has not maintained proper vouchers but spent it in cash - instead of disallowing 50% of cash expenditure, AO should have estimated the income - AO directed to determine the net income of the assessee at 20% of the gross receipts - AT Highlights Income Tax Wed, 17 Aug 2016 09:08:18 +0530 https://www.taxtmi.com/highlights?id=30814