https://www.taxtmi.com/caselaws?id=466957 Where an Assessing Officer estimated commission income while accepting purchases and sales in the books without formally rejecting the assessee's books under Section 145(3) or framing a best judgment assessment under Section 144, the power to estimate was held legally unavailable; precedents require a recorded finding that books are incorrect, incomplete or unreliable and formal rejection before invoking estimation or Section 144, and selective acceptance of entries with ad hoc estimation is arbitrary and unsustainable - applying these principles ITAT Raipur allowed the appeals and deleted the addition. en-us Tue, 06 Jan 2026 00:00:00 +0530 Fri, 27 Feb 2026 08:35:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466957 Where an Assessing Officer estimated commission income while accepting purchases and sales in the books without formally rejecting the assessee's books under Section 145(3) or framing a best judgment assessment under Section 144, the power to estimate was held legally unavailable; precedents require a recorded finding that books are incorrect, incomplete or unreliable and formal rejection before invoking estimation or Section 144, and selective acceptance of entries with ad hoc estimation is arbitrary and unsustainable - applying these principles ITAT Raipur allowed the appeals and deleted the addition. Case-Laws Income Tax Tue, 06 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466957