https://www.taxtmi.com/caselaws?id=215053 The Tribunal partly allowed the assessee's appeal, dismissed the revenue's appeal in one case, and dismissed another revenue's appeal. The Tribunal emphasized the importance of specific reasons for reopening assessments, concrete evidence for rejecting books of accounts, and justification for estimating GP rates. The decision highlighted the necessity of adhering to legal principles and relevant case laws in tax assessment proceedings. en-us Fri, 25 May 2012 00:00:00 +0530 Mon, 23 Jul 2012 08:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215053 The Tribunal partly allowed the assessee's appeal, dismissed the revenue's appeal in one case, and dismissed another revenue's appeal. The Tribunal emphasized the importance of specific reasons for reopening assessments, concrete evidence for rejecting books of accounts, and justification for estimating GP rates. The decision highlighted the necessity of adhering to legal principles and relevant case laws in tax assessment proceedings. Case-Laws Income Tax Fri, 25 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215053