https://www.taxtmi.com/caselaws?id=215407 The ITAT upheld the CIT(A)'s decision to delete the addition made on account of low GP and the reduction in disallowance of telephone and vehicle expenses. The ITAT emphasized the lack of factual basis and justification for the AO's actions in rejecting the books of accounts. en-us Fri, 22 Jun 2012 00:00:00 +0530 Wed, 01 Aug 2012 18:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215407 The ITAT upheld the CIT(A)'s decision to delete the addition made on account of low GP and the reduction in disallowance of telephone and vehicle expenses. The ITAT emphasized the lack of factual basis and justification for the AO's actions in rejecting the books of accounts. Case-Laws Income Tax Fri, 22 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215407