Dismissing the appeal of the revenue the Tribunal held that the AO cannot estimate the income and make addition without pointing out specific defect or infirmity in the books of account maintained by the assessee. (AY. 2012-13, 2013-14)
DCIT v. Asian Grantio India Ltd. (2020) 182 ITD 441 (Ahd.) (Trib.)
S. 143(3) : Assessment-Estimate of income-The AO cannot make addition on estimate basis when no specific defect or infirmity in the books of account maintained by the assessee. [S. 145]