https://www.taxtmi.com/caselaws?id=466157 Estimation of expenditure under assessment provisions was applied because the assessee failed to produce documentary evidence; therefore the assessing officer and appellate authority relied on ad hoc estimation. The assessing officer made a 25% aggregate expenses disallowance, reduced by the appellate authority to 15% of turnover; the tribunal found estimation permissible given lack of records but considered the percentages excessive and directed a fairer standard, reducing the disallowance to 10% of turnover, resulting in partial allowance of the appeal. en-us Wed, 12 Feb 2025 00:00:00 +0530 Tue, 27 Jan 2026 19:03:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466157 Estimation of expenditure under assessment provisions was applied because the assessee failed to produce documentary evidence; therefore the assessing officer and appellate authority relied on ad hoc estimation. The assessing officer made a 25% aggregate expenses disallowance, reduced by the appellate authority to 15% of turnover; the tribunal found estimation permissible given lack of records but considered the percentages excessive and directed a fairer standard, reducing the disallowance to 10% of turnover, resulting in partial allowance of the appeal. Case-Laws Income Tax Wed, 12 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466157