ASHOK KUMAR,BHOJPUR vs. ITO, WARD-1, ARA

In the result, the appeal of the assessee is partly allowed as indicated above

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad

V. Income-Tax Officer Ward-1 (3) [2007] 158 Taxman 148 (ASR.) (MAG.) on the ground that even if book results are rejected, Assessing Officer is duty 5 Assessment Year: 2010-2011 Ashok Kumar bound to make a fair and reasonable estimate of income based on evidence and material on record; he cannot make an addition in an arbitrary manner

SHEKHAR NARAYAN,PATNA vs. NFAC, DELHI

In the result, both the appeals filed by the assessee are partly allowed for statistical purposes