https://www.taxtmi.com/caselaws?id=794607 Rule 27 was treated as a permissible route to challenge the legality of an assessment based on income estimation, even without a separate appeal on that point, so the objection was maintainable. Income could not be estimated by applying a percentage to turnover unless the books of account were first rejected on recorded grounds showing that they did not reflect the true state of affairs. As no rejection of books was recorded, the estimation-based addition was unsustainable and was directed to be deleted. en-us Thu, 25 Jun 2026 00:00:00 +0530 Wed, 08 Jul 2026 09:08:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794607 Rule 27 was treated as a permissible route to challenge the legality of an assessment based on income estimation, even without a separate appeal on that point, so the objection was maintainable. Income could not be estimated by applying a percentage to turnover unless the books of account were first rejected on recorded grounds showing that they did not reflect the true state of affairs. As no rejection of books was recorded, the estimation-based addition was unsustainable and was directed to be deleted. Case-Laws Income Tax Thu, 25 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794607