https://www.taxtmi.com/highlights?id=97286 Tribunal addressed estimated additions made by the AO over recorded purchase and sales without first rejecting the books of account under applicable provisions; it held that where the AO accepts the genuineness of books he cannot independently compute estimated unrecorded sales or commission income without invoking rejection/estimation provisions, and such additions are arbitrary and unlawful. The Tribunal directed deletion of the estimated addition and allowed the appeal, applying precedent that books must be rejected before making estimation-based additions. en-us Sat, 28 Feb 2026 13:57:30 +0530 Sat, 28 Feb 2026 13:57:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=97286 Tribunal addressed estimated additions made by the AO over recorded purchase and sales without first rejecting the books of account under applicable provisions; it held that where the AO accepts the genuineness of books he cannot independently compute estimated unrecorded sales or commission income without invoking rejection/estimation provisions, and such additions are arbitrary and unlawful. The Tribunal directed deletion of the estimated addition and allowed the appeal, applying precedent that books must be rejected before making estimation-based additions. Highlights Income Tax Sat, 28 Feb 2026 13:57:30 +0530 https://www.taxtmi.com/highlights?id=97286