https://www.taxtmi.com/caselaws?id=306009 The High Court upheld the ITAT's assessment for the assessment year 2016-17, dismissing the Revenue's appeals. The court affirmed the estimation of total income at Rs.50 lakh on an adhoc basis, rejecting the Revenue's contentions regarding the Assessing Officer's findings. The ITAT's decision to determine income based on factual analysis and evidence appreciation was deemed reasonable, with the court finding no grounds for interference in the assessment. en-us Tue, 16 Nov 2021 00:00:00 +0530 Thu, 05 Jan 2023 08:24:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306009 The High Court upheld the ITAT's assessment for the assessment year 2016-17, dismissing the Revenue's appeals. The court affirmed the estimation of total income at Rs.50 lakh on an adhoc basis, rejecting the Revenue's contentions regarding the Assessing Officer's findings. The ITAT's decision to determine income based on factual analysis and evidence appreciation was deemed reasonable, with the court finding no grounds for interference in the assessment. Case-Laws Income Tax Tue, 16 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306009