https://www.taxtmi.com/caselaws?id=386594 The Tribunal partially allowed the appeal, restricting the estimation of income from the liquor business at 6% NP rate instead of the proposed 8%. The excess agricultural income claimed in the original return was rightly added as income from other sources due to discrepancies in the revised return. The income from the truck hiring business was determined at Rs. 3,00,000 based on the provisions of Section 44AE, emphasizing the importance of proper application of tax provisions in income estimations. en-us Fri, 27 Sep 2019 00:00:00 +0530 Wed, 02 Oct 2019 19:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386594 The Tribunal partially allowed the appeal, restricting the estimation of income from the liquor business at 6% NP rate instead of the proposed 8%. The excess agricultural income claimed in the original return was rightly added as income from other sources due to discrepancies in the revised return. The income from the truck hiring business was determined at Rs. 3,00,000 based on the provisions of Section 44AE, emphasizing the importance of proper application of tax provisions in income estimations. Case-Laws Income Tax Fri, 27 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386594