https://www.taxtmi.com/caselaws?id=299681 Where books of account were rejected under section 145(3), the dispute concerned estimation of business income and allowance of depreciation on fixed assets. The ITAT Jodhpur followed its earlier order in the assessee's own case on the same controversy, noting that the gross profit rate, alleged defects in the books, treatment of indirect expenses, and entitlement to interest expenditure and depreciation had already been examined. As the issues were covered by the prior reasoned decision, no independent basis remained to disturb the income assessment on that footing. The Revenue's challenge therefore failed and the appeal was dismissed in favour of the assessee. en-us Thu, 28 Jan 2021 00:00:00 +0530 Fri, 24 Dec 2021 20:33:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299681 Where books of account were rejected under section 145(3), the dispute concerned estimation of business income and allowance of depreciation on fixed assets. The ITAT Jodhpur followed its earlier order in the assessee's own case on the same controversy, noting that the gross profit rate, alleged defects in the books, treatment of indirect expenses, and entitlement to interest expenditure and depreciation had already been examined. As the issues were covered by the prior reasoned decision, no independent basis remained to disturb the income assessment on that footing. The Revenue's challenge therefore failed and the appeal was dismissed in favour of the assessee. Case-Laws Income Tax Thu, 28 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299681