Southern Agrifurane Industries Pvt. ... vs Acit, Central Circle-2(2), Chennai on 1 December, 2025
6.2.27 Further
her the Hon'ble Punjab & Haryana High Court in the case of Mahavir
Rice Mills v. CIT (2023) 153 taxmann.com 686 (P&H) has upheld the estimation
made, by rejecting the books of account of the assessee in the absence of
details of stock. The relevant para of the judgment is extracted below for ready
reference: