https://www.taxtmi.com/caselaws?id=466445 Rejection of books of account and estimation of gross profit were central: the Tribunal found that no ground was taken in the memo of appeal against the Commissioner (Appeals) direction that books should not be rejected under section 145, and held that without rejection the books are to be treated as representing the correct picture so the Assessing Officer could not estimate gross profit. Because the impugned appellate direction was unchallenged, the Tribunal's dismissal of the revenue appeals was upheld and the appeals were dismissed. en-us Tue, 09 Mar 2010 00:00:00 +0530 Mon, 09 Feb 2026 14:48:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466445 Rejection of books of account and estimation of gross profit were central: the Tribunal found that no ground was taken in the memo of appeal against the Commissioner (Appeals) direction that books should not be rejected under section 145, and held that without rejection the books are to be treated as representing the correct picture so the Assessing Officer could not estimate gross profit. Because the impugned appellate direction was unchallenged, the Tribunal's dismissal of the revenue appeals was upheld and the appeals were dismissed. Case-Laws Income Tax Tue, 09 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466445