https://www.taxtmi.com/caselaws?id=238373 The Tribunal upheld the CIT(A)'s decision to delete the addition made by the A.O. The rejection of books of account and estimation of Gross Profit were deemed unjustified due to the lack of specific defects and absence of qualitative details not being sufficient grounds. The Tribunal emphasized that maintaining qualitative details of each diamond piece is not necessary for income computation, distinguishing the case from others where such details were crucial. Consequently, the Revenue's appeal was dismissed. en-us Fri, 04 Oct 2013 00:00:00 +0530 Tue, 22 Oct 2013 06:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238373 The Tribunal upheld the CIT(A)'s decision to delete the addition made by the A.O. The rejection of books of account and estimation of Gross Profit were deemed unjustified due to the lack of specific defects and absence of qualitative details not being sufficient grounds. The Tribunal emphasized that maintaining qualitative details of each diamond piece is not necessary for income computation, distinguishing the case from others where such details were crucial. Consequently, the Revenue's appeal was dismissed. Case-Laws Income Tax Fri, 04 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238373