https://www.taxtmi.com/caselaws?id=775848 The books of account were rejected because the assessee failed to produce effective replies and supporting records such as stock movement details, inventory valuation, invoices, customer particulars, and bank statements to verify the return and audited results. The claim that the entire inventory had to be cleared on winding up and dissolution also remained unsubstantiated, and the record did not show a valid dissolution. On that basis, estimation of income from dead-stock clearance sales was justified, and the reduced estimation made in appeal was not disturbed. en-us Wed, 04 Jun 2025 00:00:00 +0530 Fri, 01 Aug 2025 08:15:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775848 The books of account were rejected because the assessee failed to produce effective replies and supporting records such as stock movement details, inventory valuation, invoices, customer particulars, and bank statements to verify the return and audited results. The claim that the entire inventory had to be cleared on winding up and dissolution also remained unsubstantiated, and the record did not show a valid dissolution. On that basis, estimation of income from dead-stock clearance sales was justified, and the reduced estimation made in appeal was not disturbed. Case-Laws Income Tax Wed, 04 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775848