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2017 (6) TMI 1252 - RAJASTHAN HIGH COURTEstimation of income - rejection of books of accounts u/s 145(3) - unaccounted stock - valuation of raw material and finished, semi precious stones - CIT(A) had deleted the additions - ITAT remanded the matter back to AO in the remand proceedings, AO estimated the income @32.31% on estimated sales - Held that:- In our considered opinion observations of CIT(A) is attractive but not according to law and view taken by the Tribunal is required to be accepted. - Both the issues are answered in favour of the Department and against the assessee.
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