https://www.taxtmi.com/caselaws?id=238881 The Tribunal partially allowed the assessee's appeal by deleting the trading addition in the gross profit rate and making a disallowance of Rs.3,50,000 for expenses supported only by self-made vouchers. It concluded that the rejection of the books of accounts by the CIT(A) was not justified, emphasizing the regular maintenance and audit of accounts. The Tribunal also dismissed the Revenue's appeal challenging the gross profit rate estimation, stating it was interlinked with the assessee's appeal and found no merit in the Revenue's grounds. en-us Thu, 05 Sep 2013 00:00:00 +0530 Sat, 02 Nov 2013 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238881 The Tribunal partially allowed the assessee's appeal by deleting the trading addition in the gross profit rate and making a disallowance of Rs.3,50,000 for expenses supported only by self-made vouchers. It concluded that the rejection of the books of accounts by the CIT(A) was not justified, emphasizing the regular maintenance and audit of accounts. The Tribunal also dismissed the Revenue's appeal challenging the gross profit rate estimation, stating it was interlinked with the assessee's appeal and found no merit in the Revenue's grounds. Case-Laws Income Tax Thu, 05 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238881