https://www.taxtmi.com/caselaws?id=23207 The court upheld the Tribunal's decision to confirm the ad hoc addition towards trading results, citing the estimation was based on relevant material and past assessment orders. The court found no legal question arising from the Tribunal's order regarding the ad hoc addition. Additionally, the Tribunal's rejection of the comparable case and non-maintenance of stock register challenges were upheld due to insufficient evidence and lack of proper documentation. The Tribunal's decision to confirm the ad hoc addition despite gross profit rate variation and increased turnover was also justified based on the lack of proper accounts maintained by the assessee. en-us Thu, 03 May 1990 00:00:00 +0530 Thu, 17 Dec 2009 15:06:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23207 The court upheld the Tribunal's decision to confirm the ad hoc addition towards trading results, citing the estimation was based on relevant material and past assessment orders. The court found no legal question arising from the Tribunal's order regarding the ad hoc addition. Additionally, the Tribunal's rejection of the comparable case and non-maintenance of stock register challenges were upheld due to insufficient evidence and lack of proper documentation. The Tribunal's decision to confirm the ad hoc addition despite gross profit rate variation and increased turnover was also justified based on the lack of proper accounts maintained by the assessee. Case-Laws Income Tax Thu, 03 May 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23207