https://www.taxtmi.com/caselaws?id=62067 The Tribunal partially allowed the appeal, directing the ITO to substitute the addition figure at Rs. 70,000 due to defective nature of the company's books of account. The Tribunal found the reasons for rejecting the books unconvincing and dismissed grounds related to excessive wastage and discrepancies in manufacturing accounts. The addition was based on scrutiny of purchases, sales, and gross profit rate, considering past trends and production quality. en-us Thu, 27 Mar 1975 00:00:00 +0530 Mon, 17 Jan 2011 19:00:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62067 The Tribunal partially allowed the appeal, directing the ITO to substitute the addition figure at Rs. 70,000 due to defective nature of the company's books of account. The Tribunal found the reasons for rejecting the books unconvincing and dismissed grounds related to excessive wastage and discrepancies in manufacturing accounts. The addition was based on scrutiny of purchases, sales, and gross profit rate, considering past trends and production quality. Case-Laws Income Tax Thu, 27 Mar 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62067