1984 (7) TMI 231 - AT - Income Tax

Summary

The Revenue's appeal against the CIT(A)'s order estimating the income of the assessee without accounts was dismissed by the Appellate Tribunal ITAT MADRAS-D. The CIT(A)'s estimate was considered reasonable as relevant material was taken into account, including turnover accepted by ST Authorities and absence of borrowals by partners. The Tribunal confirmed the CIT(A)'s order, dismissing the appeal. (Case: 1984 (7) TMI 231 - ITAT MADRAS-D)