https://www.taxtmi.com/caselaws?id=369619 The Tribunal allowed the appeals filed by the assessee, directing the AO to delete the additions made on account of estimated profit. It held that interest received due to delayed payments should be taxed as business income. The Revenue's appeals were dismissed, emphasizing the importance of specific findings when rejecting books of accounts and estimating profits. en-us Tue, 23 Oct 2018 00:00:00 +0530 Tue, 30 Oct 2018 20:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369619 The Tribunal allowed the appeals filed by the assessee, directing the AO to delete the additions made on account of estimated profit. It held that interest received due to delayed payments should be taxed as business income. The Revenue's appeals were dismissed, emphasizing the importance of specific findings when rejecting books of accounts and estimating profits. Case-Laws Income Tax Tue, 23 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369619