https://www.taxtmi.com/caselaws?id=68448 The appeal of the assessee was allowed, with deletions of the additions made by the Assessing Officer (AO) and the Commissioner of Income Tax (Appeals) (CIT(A)). The Tribunal found that the AO and CIT(A) did not properly examine the books and that the past records showed acceptance of trading results with vouched purchases and sales. Therefore, the AO was not justified in making the additions. The Tribunal emphasized the importance of proper examination of books, adherence to principles of natural justice, and consistency with past accepted trading results. en-us Thu, 24 Jan 2002 00:00:00 +0530 Wed, 30 Mar 2011 10:11:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68448 The appeal of the assessee was allowed, with deletions of the additions made by the Assessing Officer (AO) and the Commissioner of Income Tax (Appeals) (CIT(A)). The Tribunal found that the AO and CIT(A) did not properly examine the books and that the past records showed acceptance of trading results with vouched purchases and sales. Therefore, the AO was not justified in making the additions. The Tribunal emphasized the importance of proper examination of books, adherence to principles of natural justice, and consistency with past accepted trading results. Case-Laws Income Tax Thu, 24 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68448