https://www.taxtmi.com/caselaws?id=438462 The Tribunal partly allowed the appeal, upholding the rejection of books under Section 145(3) but directing the AO to estimate business profits based on a flat rate of profit, similar to previous assessments, and separately considering additions under Sections 68 and 69C. The Tribunal emphasized that specific disallowances or additions should not be made after rejecting books of accounts, and a consistent approach in estimating income should be followed. en-us Mon, 29 May 2023 00:00:00 +0530 Thu, 01 Jun 2023 08:07:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438462 The Tribunal partly allowed the appeal, upholding the rejection of books under Section 145(3) but directing the AO to estimate business profits based on a flat rate of profit, similar to previous assessments, and separately considering additions under Sections 68 and 69C. The Tribunal emphasized that specific disallowances or additions should not be made after rejecting books of accounts, and a consistent approach in estimating income should be followed. Case-Laws Income Tax Mon, 29 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438462