https://www.taxtmi.com/caselaws?id=12752 The High Court dismissed the appeal in a case concerning the estimation of income from a truck business for the assessment year 1986-87. Despite maintaining regular books of account, the Revenue authorities based their estimate on the previous year's assessment for 1984-85. The Court upheld the decision, emphasizing the similarity in facts between the two years and the importance of consistent application of assessment principles. The judgment highlighted the relevance of previous decisions in determining income estimates when factual circumstances remain unchanged. en-us Tue, 16 Oct 2001 00:00:00 +0530 Thu, 21 May 2009 17:39:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12752 The High Court dismissed the appeal in a case concerning the estimation of income from a truck business for the assessment year 1986-87. Despite maintaining regular books of account, the Revenue authorities based their estimate on the previous year's assessment for 1984-85. The Court upheld the decision, emphasizing the similarity in facts between the two years and the importance of consistent application of assessment principles. The judgment highlighted the relevance of previous decisions in determining income estimates when factual circumstances remain unchanged. Case-Laws Income Tax Tue, 16 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12752