https://www.taxtmi.com/caselaws?id=281374 The High Court upheld the Income Tax Appellate Tribunal's decision regarding the tenability of the order passed for the assessment year 2004-05 and the disallowance of certain additions under Section 40(a)(ai) of the Income Tax Act. The Court concluded that once income is estimated after rejecting books of account, no further disallowances can be made based on the same books. Therefore, the High Court dismissed the appeal, stating that no substantial question of law necessitated reconsideration. en-us Mon, 25 Jun 2018 00:00:00 +0530 Sun, 16 Jun 2019 06:22:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281374 The High Court upheld the Income Tax Appellate Tribunal's decision regarding the tenability of the order passed for the assessment year 2004-05 and the disallowance of certain additions under Section 40(a)(ai) of the Income Tax Act. The Court concluded that once income is estimated after rejecting books of account, no further disallowances can be made based on the same books. Therefore, the High Court dismissed the appeal, stating that no substantial question of law necessitated reconsideration. Case-Laws Income Tax Mon, 25 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281374