https://www.taxtmi.com/caselaws?id=378786 The High Court directed the Tribunal to reevaluate the estimation of net profit without documentary evidence and address contradictions in findings regarding business profitability. The Court emphasized a fair assessment process and clarified the notice of assessment issue, allowing the assessee to challenge it in the future if necessary. The Court did not express any opinion on the case's merits, leaving the final decision to the Tribunal. en-us Mon, 28 Jan 2019 00:00:00 +0530 Mon, 22 Apr 2019 09:39:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378786 The High Court directed the Tribunal to reevaluate the estimation of net profit without documentary evidence and address contradictions in findings regarding business profitability. The Court emphasized a fair assessment process and clarified the notice of assessment issue, allowing the assessee to challenge it in the future if necessary. The Court did not express any opinion on the case's merits, leaving the final decision to the Tribunal. Case-Laws Income Tax Mon, 28 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378786