https://www.taxtmi.com/caselaws?id=12321 Where an assessee's returned income was accepted as a reasonable estimate having regard to the nature and turnover of the business, deletion of interest levied under sections 139(8) and 215 was sustained. The appellate authority and the Tribunal treated the estimate as adequate on the facts, and the record disclosed no error in that reasoning or in the exercise of jurisdiction. The interest demand therefore remained deleted, and the issue was answered in favour of the assessee and against the Revenue. en-us Tue, 20 Aug 2002 00:00:00 +0530 Sun, 21 Feb 2010 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12321 Where an assessee's returned income was accepted as a reasonable estimate having regard to the nature and turnover of the business, deletion of interest levied under sections 139(8) and 215 was sustained. The appellate authority and the Tribunal treated the estimate as adequate on the facts, and the record disclosed no error in that reasoning or in the exercise of jurisdiction. The interest demand therefore remained deleted, and the issue was answered in favour of the assessee and against the Revenue. Case-Laws Income Tax Tue, 20 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12321