If books of Accounts are rejected than estimation of Income is justified

Meja Filling Station Vs DCIT (ITAT Allahabad)

Conclusion: Once the books of account of assessee were rejected for want of supporting vouchers and details then the income of assessee was required to be estimated thus, there were no error or illegality in the impugned order of CIT(A) in estimating the income of assessee by applying N.P. at 1% which was a reasonable and justified.

Held: Search and seizure action carried out u/s. 132 at the residential and bus

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