https://www.taxtmi.com/caselaws?id=416300 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) to estimate the appellant's income at 3% of the turnover, considering the nature of the entries provided and prevailing trade practices. The Tribunal rejected the appellant's argument based on the estimation in succeeding years, as the business nature differed. The appeal was dismissed, affirming the Commissioner's order. en-us Thu, 25 Nov 2021 00:00:00 +0530 Sat, 25 Dec 2021 08:43:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416300 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) to estimate the appellant's income at 3% of the turnover, considering the nature of the entries provided and prevailing trade practices. The Tribunal rejected the appellant's argument based on the estimation in succeeding years, as the business nature differed. The appeal was dismissed, affirming the Commissioner's order. Case-Laws Income Tax Thu, 25 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416300