https://www.taxtmi.com/caselaws?id=299675 The Court upheld the Commissioner of Income Tax (Appeals) decision to estimate the assessee's income at 0.4% of total turnover for assessment year 2009-10, providing relief to the appellant. The Court rejected the Revenue's challenge, finding no fault in the estimation based on judicial consistency. Additionally, the attempt to revive the disallowance under sec. 40(a)(ia) was dismissed as the relevant books had already been rejected, leading to the dismissal of the Revenue's appeal. en-us Fri, 30 Nov 2018 00:00:00 +0530 Fri, 24 Dec 2021 20:33:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299675 The Court upheld the Commissioner of Income Tax (Appeals) decision to estimate the assessee's income at 0.4% of total turnover for assessment year 2009-10, providing relief to the appellant. The Court rejected the Revenue's challenge, finding no fault in the estimation based on judicial consistency. Additionally, the attempt to revive the disallowance under sec. 40(a)(ia) was dismissed as the relevant books had already been rejected, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 30 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299675