https://www.taxtmi.com/caselaws?id=234330 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) decision to reject the Assessing Officer's (AO) findings on book rejection and deleted the addition made on account of enhanced gross profit (GP). The ITAT found that the books were reliable as all necessary details were provided, dismissing the Department's appeal. The ITAT concluded that there were insufficient reasons besides book unreliability to justify the addition, affirming the CIT(A)'s decision and rejecting the AO's addition. en-us Wed, 13 Feb 2013 00:00:00 +0530 Fri, 07 Jun 2013 09:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234330 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) decision to reject the Assessing Officer's (AO) findings on book rejection and deleted the addition made on account of enhanced gross profit (GP). The ITAT found that the books were reliable as all necessary details were provided, dismissing the Department's appeal. The ITAT concluded that there were insufficient reasons besides book unreliability to justify the addition, affirming the CIT(A)'s decision and rejecting the AO's addition. Case-Laws Income Tax Wed, 13 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234330