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Taxpayer Fails to Provide Books; Business Income Estimated at 8% Amid Loan, Deposit Issues u/ss 269SS, 269T.

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....Estimation of business income - books of account have not been produced - tax audit report filed before him for the first time is marred with serious discrepancy like; securing of loan and deposit in cash are in question contravention of provisions of section 269SS and 269T of the Act - Estimation @8% would serve the purpose - AT....