TMI BlogEstimation of profit - addition of receipts pertaining to contract receipts not shown in the total...Estimation of profit - addition of receipts pertaining to contract receipts not shown in the total turnover and cash deposits into SBI Bank account - Department must act judiciously, while making estimated addition and must be guided by judicial consideration and by rule of justice, equity and good conscience. And also that there must be honest and fair estimate of the proper figure of assessment, for which consideration of local knowledge and repute, besides the previous returns an assessment o..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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