AO not Legally Entitled to Calculates Sales on Hypothetical Basis ignoring Evidence: ITAT

The ITAT has ruled that an AO is not legally entitled to calculate sales on a hypothetical basis, ignoring evidence. This decision highlights the importance of evidence-based assessments in tax disputes. It ensures that assessments are fair and accurate. This ruling underscores the need for clear guidelines on assessment procedures. It emphasizes the importance of upholding legal standards. The ITAT's order protects the rights of taxpayers.