https://www.taxtmi.com/caselaws?id=272920 The ITAT allowed the appeal, emphasizing that when books of account are accurate and no defects are found, AO cannot arbitrarily estimate profit. The decision of the lower authorities was reversed, and the AO was directed to delete the addition made based on estimated sales and profit. en-us Wed, 15 Jun 2011 00:00:00 +0530 Thu, 24 May 2018 18:12:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272920 The ITAT allowed the appeal, emphasizing that when books of account are accurate and no defects are found, AO cannot arbitrarily estimate profit. The decision of the lower authorities was reversed, and the AO was directed to delete the addition made based on estimated sales and profit. Case-Laws Income Tax Wed, 15 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272920