https://www.taxtmi.com/caselaws?id=361726 Estimated disallowance of labour expenses and piece work charges was deleted because the payments were book-recorded, routed through banking channels, supported by TDS, and no specific defects in the books or vouchers justified an ad hoc estimate. The VAT refund addition was also deleted because the refund claim had not crystallised in the relevant year and remained contingent on the outcome of VAT proceedings; under the mercantile system, income is taxable only when the right to receive it becomes real and enforceable. The assessee succeeded on both grounds. en-us Mon, 11 Jun 2018 00:00:00 +0530 Tue, 12 Jun 2018 21:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361726 Estimated disallowance of labour expenses and piece work charges was deleted because the payments were book-recorded, routed through banking channels, supported by TDS, and no specific defects in the books or vouchers justified an ad hoc estimate. The VAT refund addition was also deleted because the refund claim had not crystallised in the relevant year and remained contingent on the outcome of VAT proceedings; under the mercantile system, income is taxable only when the right to receive it becomes real and enforceable. The assessee succeeded on both grounds. Case-Laws Income Tax Mon, 11 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361726