https://www.taxtmi.com/caselaws?id=392784 Where books of account remained with the Official Liquidator and the assessee substantiated its inability to produce them, gross-profit estimation could not proceed on a presumption of deliberate non-production; the appellate reduction in the estimated rate was therefore upheld. On the deduction claim, substantial evidence of manufacturing activity in a backward area, including audited accounts, prescribed audit reports, location notifications and supporting industrial records, was sufficient to establish eligibility under sections 80HH and 80I. In the absence of contrary evidence from the Revenue, the claim was rightly allowed and the appellate relief sustained. en-us Tue, 25 Feb 2020 00:00:00 +0530 Fri, 28 Feb 2020 12:25:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392784 Where books of account remained with the Official Liquidator and the assessee substantiated its inability to produce them, gross-profit estimation could not proceed on a presumption of deliberate non-production; the appellate reduction in the estimated rate was therefore upheld. On the deduction claim, substantial evidence of manufacturing activity in a backward area, including audited accounts, prescribed audit reports, location notifications and supporting industrial records, was sufficient to establish eligibility under sections 80HH and 80I. In the absence of contrary evidence from the Revenue, the claim was rightly allowed and the appellate relief sustained. Case-Laws Income Tax Tue, 25 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392784