https://www.taxtmi.com/caselaws?id=785058 Rejection of books followed by estimation of income cannot rest on figures derived from those same books; relying on the disclosed net profit rate in rejected accounts is legally unsustainable, therefore the AOs extrapolation is invalid. Admissions during survey cannot be extended beyond the specific period they cover without corroborative material, and mechanical extrapolation from a ten-month assumption to a twelve-month year is presumptive and unsupported. Estimation must have a rational nexus with facts; mathematical assumptions and uncorroborated computations do not justify additions, and the impugned addition was held unsustainable. en-us Wed, 07 Jan 2026 00:00:00 +0530 Fri, 16 Jan 2026 08:03:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785058 Rejection of books followed by estimation of income cannot rest on figures derived from those same books; relying on the disclosed net profit rate in rejected accounts is legally unsustainable, therefore the AOs extrapolation is invalid. Admissions during survey cannot be extended beyond the specific period they cover without corroborative material, and mechanical extrapolation from a ten-month assumption to a twelve-month year is presumptive and unsupported. Estimation must have a rational nexus with facts; mathematical assumptions and uncorroborated computations do not justify additions, and the impugned addition was held unsustainable. Case-Laws Income Tax Wed, 07 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785058