Addition Deleted Due to Pure Estimation on Borrowed Satisfaction Without Verification

Major Suresh Yadav Vs ITO (ITAT Delhi) Income Addition Rejected Due to Reliance on Borrowed Satisfaction from External Authorities;  ₹1.20 Crore Addition Set Aside Due to Lack of Evidence on Actual Subscriber Base;  Ex-Parte Assessment Overturned Due to Arbitrary Profit Estimation Method;  Cable Income Addition Deleted Due to Failure to Verify Assessee’s Claims. The appeal concerned reassessment proceedings for Assessment Year 2001–02, where the Assessing Officer (AO) estimated the assessee’s income from cable operations based on information received from the entertainment tax depar...