https://www.taxtmi.com/caselaws?id=783814 Whether estimated business profit should be computed at 10% or 6% was the dominant issue. The Tribunal held that where income is to be estimated, the estimate must be reasonable and consistent with accepted past results absent any material change in facts. Since the taxpayer adopted 6% based on earlier assessment orders accepted by the Department, and the appellate authority neither identified any distinguishing features nor supported 10% with comparables from similar businesses, enhancement to 10% lacked legal and factual basis. The 6% margin was upheld and the appeal was allowed. en-us Fri, 19 Dec 2025 00:00:00 +0530 Tue, 23 Dec 2025 07:59:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783814 Whether estimated business profit should be computed at 10% or 6% was the dominant issue. The Tribunal held that where income is to be estimated, the estimate must be reasonable and consistent with accepted past results absent any material change in facts. Since the taxpayer adopted 6% based on earlier assessment orders accepted by the Department, and the appellate authority neither identified any distinguishing features nor supported 10% with comparables from similar businesses, enhancement to 10% lacked legal and factual basis. The 6% margin was upheld and the appeal was allowed. Case-Laws Income Tax Fri, 19 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783814