https://www.taxtmi.com/highlights?id=66666 Estimation of income from the business of plying of buses - The deposit of the specified bank notes is about 5% of the total turnover of the assessee. When the AO himself has estimated the income of the assessee at 2.25%, it would be farfetched even presumed that 5% of the assessee’s turnover could be an undisclosed income of the assessee from the operation of the contracted Government buses. - AT en-us Mon, 21 Nov 2022 09:54:23 +0530 Mon, 21 Nov 2022 09:54:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66666 Estimation of income from the business of plying of buses - The deposit of the specified bank notes is about 5% of the total turnover of the assessee. When the AO himself has estimated the income of the assessee at 2.25%, it would be farfetched even presumed that 5% of the assessee’s turnover could be an undisclosed income of the assessee from the operation of the contracted Government buses. - AT Highlights Income Tax Mon, 21 Nov 2022 09:54:23 +0530 https://www.taxtmi.com/highlights?id=66666