https://www.taxtmi.com/caselaws?id=59961 Estimated business income could not be enhanced in a best judgment assessment where the assessee's business was on a very small scale and no material supported a higher figure, so the returned income was accepted. An addition under section 69A was unsustainable for the year under appeal because the seizure of silver and other articles related to an earlier assessment year, so the addition was deleted. Alleged smuggling income could not be assessed on the basis of a Customs seizure alone, especially where the criminal case ended in acquittal and no independent evidence showed any smuggling activity, so that addition was also deleted. en-us Sat, 16 May 1981 00:00:00 +0530 Mon, 03 Jan 2011 10:55:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59961 Estimated business income could not be enhanced in a best judgment assessment where the assessee's business was on a very small scale and no material supported a higher figure, so the returned income was accepted. An addition under section 69A was unsustainable for the year under appeal because the seizure of silver and other articles related to an earlier assessment year, so the addition was deleted. Alleged smuggling income could not be assessed on the basis of a Customs seizure alone, especially where the criminal case ended in acquittal and no independent evidence showed any smuggling activity, so that addition was also deleted. Case-Laws Income Tax Sat, 16 May 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59961