https://www.taxtmi.com/caselaws?id=792135 Substantial justice prevailed over technical delay, so the belated first appellate filing was condoned. In best judgment assessment, estimated business income must be fair, reasonable, and based on material on record; on the facts, 15% of gross contractual receipts was found excessive and the estimate was reduced to 7%, while rejection of the returned figures was still justified because books were not produced. Claims for Chapter VI-A deductions and credit for TDS and self-assessment tax were remitted for fresh verification after examination of supporting records and hearing the assessee. en-us Tue, 19 May 2026 00:00:00 +0530 Sat, 23 May 2026 08:27:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792135 Substantial justice prevailed over technical delay, so the belated first appellate filing was condoned. In best judgment assessment, estimated business income must be fair, reasonable, and based on material on record; on the facts, 15% of gross contractual receipts was found excessive and the estimate was reduced to 7%, while rejection of the returned figures was still justified because books were not produced. Claims for Chapter VI-A deductions and credit for TDS and self-assessment tax were remitted for fresh verification after examination of supporting records and hearing the assessee. Case-Laws Income Tax Tue, 19 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792135