https://www.taxtmi.com/caselaws?id=58531 The tribunal allowed the appeal, determining that the estimation of income by the Assessing Officer and confirmed by the CIT(A) was not justified. The use of seized materials from a subsequent year for estimating income for an earlier year was deemed unreasonable. The tribunal stressed the necessity for supporting evidence in estimating sales and profits, ultimately finding the additions and interest charges untenable. en-us Thu, 29 Jun 1995 00:00:00 +0530 Mon, 20 Dec 2010 14:50:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58531 The tribunal allowed the appeal, determining that the estimation of income by the Assessing Officer and confirmed by the CIT(A) was not justified. The use of seized materials from a subsequent year for estimating income for an earlier year was deemed unreasonable. The tribunal stressed the necessity for supporting evidence in estimating sales and profits, ultimately finding the additions and interest charges untenable. Case-Laws Income Tax Thu, 29 Jun 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58531