https://www.taxtmi.com/caselaws?id=234769 The Tribunal dismissed all three appeals filed by the department, confirming the deletions made by the CIT (A) on account of gross profit discrepancy, excess stock, and unexplained bank deposits. The Tribunal emphasized the importance of proper accounting treatment, the necessity of rejecting books of accounts before making additions, and the requirement for concrete evidence to support claims of unexplained income. en-us Mon, 17 Jun 2013 00:00:00 +0530 Thu, 27 Jun 2013 08:12:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234769 The Tribunal dismissed all three appeals filed by the department, confirming the deletions made by the CIT (A) on account of gross profit discrepancy, excess stock, and unexplained bank deposits. The Tribunal emphasized the importance of proper accounting treatment, the necessity of rejecting books of accounts before making additions, and the requirement for concrete evidence to support claims of unexplained income. Case-Laws Income Tax Mon, 17 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234769