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2012 (11) TMI 1063 - ALLAHABAD HIGH COURTRejection of books of accounts - addition on estimate basis - Held that:- After hearing both the parties and on perusal of record, it appears that the survey was conducted at the business premises of the assessee on April 25, 1998 and January 14, 1999, where various discrepancies were found as mentioned in the assessing officer order. So, the assessing officer was right in rejecting the books of account. There was no other option available before assessing officer except to make the addition on estimate basis. The first appellate authority has again examined the books of accounts and made the addition on estimate basis by giving the partial relief to the assessee. The Tribunal has upheld the same. Thus no question of law is emerging from the impugned order passed by the Tribunal. Hence, no interference is required
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