https://www.taxtmi.com/caselaws?id=19831 The Tribunal upheld the rejection of book results due to discrepancies and inconsistencies in accounting. It restored the yield estimate of cardamom made by the assessing authority, justifying the 1,508.750 kgs. estimate based on a found weekly report. The Tribunal validated the estimate using a piece of paper found in the ledger, presuming it to be reliable. Vehicle expenses and depreciation on an Ambassador car were disallowed as legal ownership was not with the firm. The Tribunal's decisions were supported by valid reasons, and the revisions were dismissed without interference, emphasizing the importance of proper documentation and procedural adherence. en-us Fri, 17 Dec 1993 00:00:00 +0530 Tue, 10 Nov 2009 10:21:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19831 The Tribunal upheld the rejection of book results due to discrepancies and inconsistencies in accounting. It restored the yield estimate of cardamom made by the assessing authority, justifying the 1,508.750 kgs. estimate based on a found weekly report. The Tribunal validated the estimate using a piece of paper found in the ledger, presuming it to be reliable. Vehicle expenses and depreciation on an Ambassador car were disallowed as legal ownership was not with the firm. The Tribunal's decisions were supported by valid reasons, and the revisions were dismissed without interference, emphasizing the importance of proper documentation and procedural adherence. Case-Laws Income Tax Fri, 17 Dec 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19831