https://www.taxtmi.com/caselaws?id=472322 Estimated project-profit additions require rejection of regularly maintained accounts or cogent evidence that declared results are unreliable. An ad hoc estimate based on land, construction and overhead costs, comparison with a materially different project, and unsupported site enquiries could not displace audited accounts where no discrepancy was established under Section 145. Differences in project location, duration and treatment of partners' interest also made the profitability comparison unreliable. The reconciled cash-book discrepancy and unrecorded site enquiries provided no evidentiary basis for estimation; deletion of the addition was therefore upheld. en-us Mon, 21 Apr 2025 00:00:00 +0530 Thu, 08 Oct 2026 08:44:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472322 Estimated project-profit additions require rejection of regularly maintained accounts or cogent evidence that declared results are unreliable. An ad hoc estimate based on land, construction and overhead costs, comparison with a materially different project, and unsupported site enquiries could not displace audited accounts where no discrepancy was established under Section 145. Differences in project location, duration and treatment of partners' interest also made the profitability comparison unreliable. The reconciled cash-book discrepancy and unrecorded site enquiries provided no evidentiary basis for estimation; deletion of the addition was therefore upheld. Case-Laws Income Tax Mon, 21 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472322