https://www.taxtmi.com/caselaws?id=790247 Rejection of books and estimation of profit were held unjustified where the Assessing Officer relied on alleged suspicious transactions and bank entries without fresh material to depart from the assessee's earlier year ruling. The Tribunal noted that the facts were identical to those in the assessee's own prior case and that the Revenue had not produced any new evidence to distinguish that decision. On that basis, the alleged dealings with the concerned entity did not establish a reliable ground to treat the books as unreliable or to make an estimated profit addition, so the Revenue's challenge failed. en-us Fri, 17 Apr 2026 00:00:00 +0530 Wed, 22 Apr 2026 08:47:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790247 Rejection of books and estimation of profit were held unjustified where the Assessing Officer relied on alleged suspicious transactions and bank entries without fresh material to depart from the assessee's earlier year ruling. The Tribunal noted that the facts were identical to those in the assessee's own prior case and that the Revenue had not produced any new evidence to distinguish that decision. On that basis, the alleged dealings with the concerned entity did not establish a reliable ground to treat the books as unreliable or to make an estimated profit addition, so the Revenue's challenge failed. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790247