https://www.taxtmi.com/caselaws?id=776117 The HC held that when the AO estimates profits after rejecting the books of accounts, the estimated net profit encompasses all business income additions, precluding further disallowances under section 43B for VAT/service tax liabilities not claimed as deductions. Following precedents from multiple High Courts, the Court ruled that no separate addition or disallowance is permissible if the assessee neither debited the expense nor claimed the deduction. Consequently, the Tribunal's order remanding the matter to the AO was unnecessary. The appeal by the assessee was allowed. en-us Mon, 28 Jul 2025 00:00:00 +0530 Tue, 05 Aug 2025 07:54:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776117 The HC held that when the AO estimates profits after rejecting the books of accounts, the estimated net profit encompasses all business income additions, precluding further disallowances under section 43B for VAT/service tax liabilities not claimed as deductions. Following precedents from multiple High Courts, the Court ruled that no separate addition or disallowance is permissible if the assessee neither debited the expense nor claimed the deduction. Consequently, the Tribunal's order remanding the matter to the AO was unnecessary. The appeal by the assessee was allowed. Case-Laws Income Tax Mon, 28 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776117