https://www.taxtmi.com/caselaws?id=67163 ITAT Indore allowed the assessee's appeal and deleted the addition of Rs. 62,900 sustained by CIT(A) on account of alleged low gross profit. The Bench held that the AO was not justified in rejecting the regularly maintained and audited books of account merely due to a marginal fall in the gross profit rate. ITAT noted that the assessee's books were supported by bills, vouchers and stock inventory, and that no specific defects had been pointed out. It further observed that details of so-called comparable cases relied upon by the AO were not supplied to the assessee. The AO was directed to accept the declared book results. en-us Mon, 08 Sep 1997 00:00:00 +0530 Wed, 10 Dec 2025 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67163 ITAT Indore allowed the assessee's appeal and deleted the addition of Rs. 62,900 sustained by CIT(A) on account of alleged low gross profit. The Bench held that the AO was not justified in rejecting the regularly maintained and audited books of account merely due to a marginal fall in the gross profit rate. ITAT noted that the assessee's books were supported by bills, vouchers and stock inventory, and that no specific defects had been pointed out. It further observed that details of so-called comparable cases relied upon by the AO were not supplied to the assessee. The AO was directed to accept the declared book results. Case-Laws Income Tax Mon, 08 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67163