https://www.taxtmi.com/caselaws?id=71042 ITAT Patna dismissed the Revenue's appeal and upheld the CIT(A)'s deletion of the addition of Rs. 92,418 to the assessee's income. The Tribunal held that the Assessing Officer was not justified in rejecting the regularly maintained and audited books of account merely on the basis of a fall in the gross profit rate. No specific defects in the books, including the stock register, were identified, and the genuineness of payments supported by internal vouchers was not effectively disputed. The ITAT also rejected the AO's allegation of violation of r. 46A, finding that the CIT(A) had relied only on material already on record. en-us Wed, 20 Oct 1999 00:00:00 +0530 Wed, 10 Dec 2025 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71042 ITAT Patna dismissed the Revenue's appeal and upheld the CIT(A)'s deletion of the addition of Rs. 92,418 to the assessee's income. The Tribunal held that the Assessing Officer was not justified in rejecting the regularly maintained and audited books of account merely on the basis of a fall in the gross profit rate. No specific defects in the books, including the stock register, were identified, and the genuineness of payments supported by internal vouchers was not effectively disputed. The ITAT also rejected the AO's allegation of violation of r. 46A, finding that the CIT(A) had relied only on material already on record. Case-Laws Income Tax Wed, 20 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71042