https://www.taxtmi.com/caselaws?id=411359 The Tribunal allowed the Revenue's appeal, reinstating the Assessing Officer's order. The income of the assessee was estimated at 8% of the turnover due to discrepancies in address, lack of maintained books of accounts, absence of vouchers for expenditure, and unfiled agreements. The rejection of books of account and lack of concrete evidence supporting the execution of civil contracts and genuineness of cash credit parties led to the decision in favor of the Revenue. en-us Mon, 19 Jul 2021 00:00:00 +0530 Tue, 24 Aug 2021 08:13:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411359 The Tribunal allowed the Revenue's appeal, reinstating the Assessing Officer's order. The income of the assessee was estimated at 8% of the turnover due to discrepancies in address, lack of maintained books of accounts, absence of vouchers for expenditure, and unfiled agreements. The rejection of books of account and lack of concrete evidence supporting the execution of civil contracts and genuineness of cash credit parties led to the decision in favor of the Revenue. Case-Laws Income Tax Mon, 19 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411359