https://www.taxtmi.com/caselaws?id=405016 The Tribunal partially allowed the assessee's appeals. It adjusted the income estimation from 10% to 8% of the gross turnover, acknowledging the lack of proper books of accounts. Additionally, the Tribunal remitted the issue of additions under sections 69C/68 for further investigation to establish the link between unexplained deposits and business activities. The challenge to the reopening of assessment under sections 147 and 148 was dismissed as it was not pursued during proceedings. en-us Mon, 08 Mar 2021 00:00:00 +0530 Tue, 29 Oct 2024 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405016 The Tribunal partially allowed the assessee's appeals. It adjusted the income estimation from 10% to 8% of the gross turnover, acknowledging the lack of proper books of accounts. Additionally, the Tribunal remitted the issue of additions under sections 69C/68 for further investigation to establish the link between unexplained deposits and business activities. The challenge to the reopening of assessment under sections 147 and 148 was dismissed as it was not pursued during proceedings. Case-Laws Income Tax Mon, 08 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405016