Cricket Betting Income Estimated at 1% of Seized Transactions Deemed Fair by Tax Authorities, Assessment Confirmed.

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....Estimation of income - transactions relating to cricket betting - estimate made by the Assessing Officer of the assessee’s income at 1% of the total transactions of cricket betting as found recorded in the laptops seized from the possession of the assessee is quite fair and reasonable and the learned CIT(A) was fully justified in confirming the same. - AT....