https://www.taxtmi.com/caselaws?id=375692 The Tribunal allowed the appeals of the assessees, setting aside lower authorities' orders that estimated income from fish ponds at Rs. 30,000 per acre. The Tribunal found the lack of evidence supporting this higher estimation and referred to a previous case where income was estimated at Rs. 13,300 per acre. Considering the absence of maintained books of accounts, the Tribunal deemed Rs. 15,000 per acre as a reasonable estimation, ultimately ruling in favor of the assessees. en-us Wed, 13 Feb 2019 00:00:00 +0530 Sat, 23 Feb 2019 08:56:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375692 The Tribunal allowed the appeals of the assessees, setting aside lower authorities' orders that estimated income from fish ponds at Rs. 30,000 per acre. The Tribunal found the lack of evidence supporting this higher estimation and referred to a previous case where income was estimated at Rs. 13,300 per acre. Considering the absence of maintained books of accounts, the Tribunal deemed Rs. 15,000 per acre as a reasonable estimation, ultimately ruling in favor of the assessees. Case-Laws Income Tax Wed, 13 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375692