https://www.taxtmi.com/caselaws?id=367571 The appeals by both the assessee and the revenue for assessment years 2010-11 & 2012-13 were dismissed. The revenue's appeals were deemed not maintainable due to falling below the monetary limit set by CBDT circular. The rejection of books of account by the assessing officer and the subsequent additions to income were upheld by the CIT(A) based on past profit percentages and unaccounted expenses impact. The estimation of profits relied on historical data despite increased turnover, leading to the dismissal of appeals for both parties. en-us Wed, 19 Sep 2018 00:00:00 +0530 Mon, 24 Sep 2018 16:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367571 The appeals by both the assessee and the revenue for assessment years 2010-11 & 2012-13 were dismissed. The revenue's appeals were deemed not maintainable due to falling below the monetary limit set by CBDT circular. The rejection of books of account by the assessing officer and the subsequent additions to income were upheld by the CIT(A) based on past profit percentages and unaccounted expenses impact. The estimation of profits relied on historical data despite increased turnover, leading to the dismissal of appeals for both parties. Case-Laws Income Tax Wed, 19 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367571