https://www.taxtmi.com/caselaws?id=429791 The Tribunal upheld the CIT(A)'s decision to estimate the assessee's income at 10% of total receipts due to non-cooperation and lack of evidence. It dismissed the Revenue's appeals, adjusted the net profit estimation to 8%, and partially allowed the assessee's cross objections. The Tribunal emphasized the importance of fair estimation practices and supporting documentation in income assessments. en-us Fri, 21 Oct 2022 00:00:00 +0530 Fri, 04 Nov 2022 21:33:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429791 The Tribunal upheld the CIT(A)'s decision to estimate the assessee's income at 10% of total receipts due to non-cooperation and lack of evidence. It dismissed the Revenue's appeals, adjusted the net profit estimation to 8%, and partially allowed the assessee's cross objections. The Tribunal emphasized the importance of fair estimation practices and supporting documentation in income assessments. Case-Laws Income Tax Fri, 21 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429791