https://www.taxtmi.com/caselaws?id=55312 The Tribunal held that section 40A(3) was applicable even when an estimate of income was made. However, the assessee's case fell under the exceptions provided in rule 6DD(j) due to conducting business outside the books. The Tribunal distinguished the case from precedent involving illegal business, stating that if the State claims a share in any income, it cannot deny the expenditure whereby the income is earned. en-us Mon, 10 Feb 1992 00:00:00 +0530 Thu, 25 Nov 2010 13:49:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55312 The Tribunal held that section 40A(3) was applicable even when an estimate of income was made. However, the assessee's case fell under the exceptions provided in rule 6DD(j) due to conducting business outside the books. The Tribunal distinguished the case from precedent involving illegal business, stating that if the State claims a share in any income, it cannot deny the expenditure whereby the income is earned. Case-Laws Income Tax Mon, 10 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55312