Assessee Challenges Income Addition Based on Estimated Financials for Loan; ITAT Criticized for Not Reporting CA to ICAI.

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....Addition to income - Whether any addition to income can be made on the basis of balance-sheet and profit and loss accounts certified to have been prepared on estimate basis to avail bank loan and having no relation with the actual?” - assessee could no longer resile from such position - ITAT faulted in not reporting the conduct of CA to the ICAI.....