Court held that as the books of account is found to be unreliable estimate of income on the basis of estimate is held to be valid.( AY. 2003 -04 to 2009 10)
Rajan Jewellery. v. CIT (2019) 414 ITR 621/177 DTR 369/308 CTR 602/ 266 Taxman 357 (Ker.)(HC)
S. 153A : Assessment–Search-Undisclosed income-Books of account found unreliable-Estimate of income on the basis of estimate is held to be valid. [S. 132(4)]