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HC confirmed additions on estimate basis since assessee failed to bring any record for determination of income

March 12, 2019[2019] 104 taxmann.com 127 (Bombay)/[2019] 262 Taxman 401 (Bombay)
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IT: Where a search was carried out in course of which it was found that assessee was engaged in activity of ensuring admissions of students in educational institutions by paying illegal capitation fees, since assessee did not bring any material on record to enable revenue authorities to determine assessee's earning from said dealings, addition made to his income by authorities below on estimate basis was to be confirmed

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