https://www.taxtmi.com/caselaws?id=273245 Profit estimation at 3% was treated as a factual, discretionary determination depending on the record in each case. The Tribunal's assessment was upheld because it was based on appreciation of the material available and was not shown to be arbitrary or absurd. Reliance on an earlier decision did not, by itself, render the conclusion legally infirm, and no substantial question of law was found to justify interference. en-us Tue, 23 Jul 2013 00:00:00 +0530 Wed, 13 Jun 2018 11:07:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273245 Profit estimation at 3% was treated as a factual, discretionary determination depending on the record in each case. The Tribunal's assessment was upheld because it was based on appreciation of the material available and was not shown to be arbitrary or absurd. Reliance on an earlier decision did not, by itself, render the conclusion legally infirm, and no substantial question of law was found to justify interference. Case-Laws Income Tax Tue, 23 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273245