https://www.taxtmi.com/caselaws?id=65200 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 1,92,43,626 to the respondent's income, dismissing the Revenue's appeal. The Tribunal found that the Assessing Officer misinterpreted the facts related to unaccounted purchases, accepted the use of plain water in the manufacturing process, and recognized the respondent's consistent accounting practices. The Tribunal concluded that the respondent's books of accounts were reliable, and there was no justification for rejecting the results. en-us Fri, 11 Jun 1993 00:00:00 +0530 Mon, 14 Feb 2011 11:43:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65200 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 1,92,43,626 to the respondent's income, dismissing the Revenue's appeal. The Tribunal found that the Assessing Officer misinterpreted the facts related to unaccounted purchases, accepted the use of plain water in the manufacturing process, and recognized the respondent's consistent accounting practices. The Tribunal concluded that the respondent's books of accounts were reliable, and there was no justification for rejecting the results. Case-Laws Income Tax Fri, 11 Jun 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65200