https://www.taxtmi.com/caselaws?id=406386 The High Court allowed the tax case appeals, ruling in favor of the appellant/assessee. The Tribunal's decision was overturned, and the Commissioner of Income Tax (Appeals)'s determination was restored. The Court emphasized the importance of maintaining accurate records and cooperating during assessments, ultimately setting aside the Tribunal's order based on the appellant's historical net profit ratios and the Assessing Officer's previous reasonable estimation. en-us Mon, 29 Mar 2021 00:00:00 +0530 Tue, 13 Apr 2021 08:59:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406386 The High Court allowed the tax case appeals, ruling in favor of the appellant/assessee. The Tribunal's decision was overturned, and the Commissioner of Income Tax (Appeals)'s determination was restored. The Court emphasized the importance of maintaining accurate records and cooperating during assessments, ultimately setting aside the Tribunal's order based on the appellant's historical net profit ratios and the Assessing Officer's previous reasonable estimation. Case-Laws Income Tax Mon, 29 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406386