https://www.taxtmi.com/caselaws?id=61996 The ITAT upheld the decision of the CIT (Appeals) regarding the reliability of the assessee's accounts, treatment of losses, disallowance of expenses, and addition to income based on adverse comments by statutory auditors for the assessment years 1979-80 and 1980-81. The ITAT emphasized the deficiencies in the accounts, acknowledged the challenges faced by the assessee, and supported the adjustments made by the CIT (Appeals), ultimately dismissing the appeals and affirming the decisions. en-us Thu, 20 Feb 1992 00:00:00 +0530 Mon, 17 Jan 2011 15:35:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61996 The ITAT upheld the decision of the CIT (Appeals) regarding the reliability of the assessee's accounts, treatment of losses, disallowance of expenses, and addition to income based on adverse comments by statutory auditors for the assessment years 1979-80 and 1980-81. The ITAT emphasized the deficiencies in the accounts, acknowledged the challenges faced by the assessee, and supported the adjustments made by the CIT (Appeals), ultimately dismissing the appeals and affirming the decisions. Case-Laws Income Tax Thu, 20 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61996