https://www.taxtmi.com/caselaws?id=768023 ITAT Chennai upheld CIT(A)'s decision to reject books of accounts under section 145 and estimate income under section 144. The tribunal held that when income is estimated using best judgment method, all deductions under sections 30-43D are deemed considered in the estimate, as the estimation substitutes business income computation under section 29. Revenue's plea for additional deductions was rejected, citing precedents from Andhra Pradesh HC and Allahabad HC. The appellate order was confirmed without any infirmity found. en-us Tue, 26 Nov 2024 00:00:00 +0530 Thu, 27 Mar 2025 18:46:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768023 ITAT Chennai upheld CIT(A)'s decision to reject books of accounts under section 145 and estimate income under section 144. The tribunal held that when income is estimated using best judgment method, all deductions under sections 30-43D are deemed considered in the estimate, as the estimation substitutes business income computation under section 29. Revenue's plea for additional deductions was rejected, citing precedents from Andhra Pradesh HC and Allahabad HC. The appellate order was confirmed without any infirmity found. Case-Laws Income Tax Tue, 26 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768023