https://www.taxtmi.com/caselaws?id=428847 An addition for transport creditors based on unverifiable expenditure could not be sustained on an ad hoc estimate where the assessee was unable to produce records because they were in the custody of the CBI, and the Assessing Officer had not sought those records from the public authority. In the absence of rejection of books under Section 145 and without a proper factual basis for estimation, the dispute was treated as a mixed question of fact and law rather than a substantial question of law under Section 260A. The Tribunal's deletion of the addition was therefore upheld. en-us Wed, 20 Jul 2022 00:00:00 +0530 Tue, 11 Oct 2022 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428847 An addition for transport creditors based on unverifiable expenditure could not be sustained on an ad hoc estimate where the assessee was unable to produce records because they were in the custody of the CBI, and the Assessing Officer had not sought those records from the public authority. In the absence of rejection of books under Section 145 and without a proper factual basis for estimation, the dispute was treated as a mixed question of fact and law rather than a substantial question of law under Section 260A. The Tribunal's deletion of the addition was therefore upheld. Case-Laws Income Tax Wed, 20 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428847