https://www.taxtmi.com/caselaws?id=220638 The High Court dismissed the appeal, affirming the Tribunal's decision regarding the disallowance of loss and the application of the average loss rate. The Court emphasized the necessity of specific defects in the books of accounts for any rejection to be valid under the Income Tax Act, 1961. en-us Wed, 30 Jan 2013 00:00:00 +0530 Sat, 02 Feb 2013 10:21:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220638 The High Court dismissed the appeal, affirming the Tribunal's decision regarding the disallowance of loss and the application of the average loss rate. The Court emphasized the necessity of specific defects in the books of accounts for any rejection to be valid under the Income Tax Act, 1961. Case-Laws Income Tax Wed, 30 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220638