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Income Tax | Books Lost in Floods Do Not Prevent Profit Estimation Based on Industry Standards: Kerala HC

15 Oct 2026 · 2d agoBy CA Vijayakumar ShettySource: TaxGuru

Kerala HC upholds 2.4% profit estimation for LPG distributor after flood-damaged books and unexplained expense variations. Appeals dismissed. The post Books Lost in Floods Do Not Prevent Profit Estimation Based on Industry Standards: Kerala HC appeared first on TaxGuru .

Attribution

Original credit: CA Vijayakumar Shetty. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.

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