https://www.taxtmi.com/caselaws?id=280437 The Tribunal affirmed the addition under Section 69A of the Income Tax Act, rejecting the appellant's challenge. The Assessing Officer's estimation of income at 3.5% of purchase turnover was upheld due to lack of evidence supporting the appellant's claims of acting on behalf of others. The Commissioner of Income Tax (Appeals) and the Tribunal both found the addition justified, emphasizing the importance of maintaining proper records and providing evidence in tax assessments to avoid estimations under relevant provisions of the Income Tax Act. en-us Wed, 28 Feb 2018 00:00:00 +0530 Sun, 05 May 2019 08:43:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280437 The Tribunal affirmed the addition under Section 69A of the Income Tax Act, rejecting the appellant's challenge. The Assessing Officer's estimation of income at 3.5% of purchase turnover was upheld due to lack of evidence supporting the appellant's claims of acting on behalf of others. The Commissioner of Income Tax (Appeals) and the Tribunal both found the addition justified, emphasizing the importance of maintaining proper records and providing evidence in tax assessments to avoid estimations under relevant provisions of the Income Tax Act. Case-Laws Income Tax Wed, 28 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280437