https://www.taxtmi.com/caselaws?id=242118 The ITAT dismissed all appeals by the revenue and the assessee, along with cross objections, in a comprehensive judgment pronounced on 18/12/2013. The appeals against the CIT(A) orders for assessment years 2004-05 to 2007-08, challenging the rejection of books of account and the estimation of net profit at 28%, were rejected. The ITAT upheld the CIT(A)'s findings, dismissing revenue appeals and cross objections. Additionally, appeals against CIT(Central) orders under section 263 for AYs 2004-05 & 2006-07, as well as an appeal against a consequential order under section 263 for AY 2004-05, were also dismissed as infructuous. en-us Wed, 18 Dec 2013 00:00:00 +0530 Wed, 08 Jan 2014 08:23:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242118 The ITAT dismissed all appeals by the revenue and the assessee, along with cross objections, in a comprehensive judgment pronounced on 18/12/2013. The appeals against the CIT(A) orders for assessment years 2004-05 to 2007-08, challenging the rejection of books of account and the estimation of net profit at 28%, were rejected. The ITAT upheld the CIT(A)'s findings, dismissing revenue appeals and cross objections. Additionally, appeals against CIT(Central) orders under section 263 for AYs 2004-05 & 2006-07, as well as an appeal against a consequential order under section 263 for AY 2004-05, were also dismissed as infructuous. Case-Laws Income Tax Wed, 18 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242118