https://www.taxtmi.com/caselaws?id=28380 The High Court upheld the Income Tax Appellate Tribunal's decision to separately add luggage receipts to the net income estimated based on other receipts for a registered firm deriving income from passenger buses. The Court found that the Tribunal's approach was justified as it had not considered luggage receipts while estimating gross income, and the net profit was calculated without including them. The Court ruled against the assessee, stating that the Tribunal did not err in adding luggage receipts separately and declined to award costs for the reference. en-us Mon, 18 Oct 1982 00:00:00 +0530 Mon, 22 Feb 2010 10:55:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28380 The High Court upheld the Income Tax Appellate Tribunal's decision to separately add luggage receipts to the net income estimated based on other receipts for a registered firm deriving income from passenger buses. The Court found that the Tribunal's approach was justified as it had not considered luggage receipts while estimating gross income, and the net profit was calculated without including them. The Court ruled against the assessee, stating that the Tribunal did not err in adding luggage receipts separately and declined to award costs for the reference. Case-Laws Income Tax Mon, 18 Oct 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28380