https://www.taxtmi.com/caselaws?id=347615 The Tribunal set aside the CIT(A)'s decision to scale down the estimated business income and remanded the assessment back to the Assessing Officer for a fresh determination. The Tribunal emphasized the need for the assessee to justify the results declared in the unaudited P&L Account, aiming for a lawful reassessment process. The cross-appeals were treated as allowed for the assessment years 1999-2000 and 2000-01, with the order pronounced on 30/08/2017. en-us Wed, 30 Aug 2017 00:00:00 +0530 Thu, 07 Sep 2017 14:03:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347615 The Tribunal set aside the CIT(A)'s decision to scale down the estimated business income and remanded the assessment back to the Assessing Officer for a fresh determination. The Tribunal emphasized the need for the assessee to justify the results declared in the unaudited P&L Account, aiming for a lawful reassessment process. The cross-appeals were treated as allowed for the assessment years 1999-2000 and 2000-01, with the order pronounced on 30/08/2017. Case-Laws Income Tax Wed, 30 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347615