https://www.taxtmi.com/caselaws?id=410880 The ITAT allowed the appeal, setting aside the CIT(A)'s decision to estimate income at 8% and emphasizing the incorrect assumptions made regarding the rejection of books of accounts. The judgment highlighted the importance of factual accuracy and legal basis in such determinations, ultimately leading to a favorable outcome for the assessee. en-us Fri, 06 Aug 2021 00:00:00 +0530 Thu, 12 Aug 2021 08:40:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410880 The ITAT allowed the appeal, setting aside the CIT(A)'s decision to estimate income at 8% and emphasizing the incorrect assumptions made regarding the rejection of books of accounts. The judgment highlighted the importance of factual accuracy and legal basis in such determinations, ultimately leading to a favorable outcome for the assessee. Case-Laws Income Tax Fri, 06 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410880