https://www.taxtmi.com/caselaws?id=215676 The Tribunal directed the Assessing Officer to restrict the addition to Rs.16,25,424 for the rejection of the claim for acceptance of book result under section 145, deleting other disallowances due to the books being destroyed in a flood. The Tribunal also directed the deletion of the addition of Rs.16,42,541 on account of bogus purchases, considering the lack of evidence due to the flood. Additionally, the Tribunal ordered the deletion of estimations related to closing stock and unexplained purchases, as they were interconnected with the Gross Profit addition. The Tribunal further directed the deletion of the disallowance of testing fees, recognizing it as a reimbursement and not subject to tax deduction. en-us Fri, 15 Jun 2012 00:00:00 +0530 Sat, 04 Aug 2012 15:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215676 The Tribunal directed the Assessing Officer to restrict the addition to Rs.16,25,424 for the rejection of the claim for acceptance of book result under section 145, deleting other disallowances due to the books being destroyed in a flood. The Tribunal also directed the deletion of the addition of Rs.16,42,541 on account of bogus purchases, considering the lack of evidence due to the flood. Additionally, the Tribunal ordered the deletion of estimations related to closing stock and unexplained purchases, as they were interconnected with the Gross Profit addition. The Tribunal further directed the deletion of the disallowance of testing fees, recognizing it as a reimbursement and not subject to tax deduction. Case-Laws Income Tax Fri, 15 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215676