https://www.taxtmi.com/caselaws?id=273041 The ITAT allowed the appeal, overturning the addition of cash sales under section 68 of the Income Tax Act. The ITAT emphasized that once income is estimated under section 144, no further addition can be made. Additionally, the ITAT directed the re-computation of interest under section 234B based on the total income declared by the assessee in the return filed, in accordance with a decision of the Jurisdictional High Court. en-us Tue, 07 May 2013 00:00:00 +0530 Fri, 01 Jun 2018 16:07:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273041 The ITAT allowed the appeal, overturning the addition of cash sales under section 68 of the Income Tax Act. The ITAT emphasized that once income is estimated under section 144, no further addition can be made. Additionally, the ITAT directed the re-computation of interest under section 234B based on the total income declared by the assessee in the return filed, in accordance with a decision of the Jurisdictional High Court. Case-Laws Income Tax Tue, 07 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273041