https://www.taxtmi.com/caselaws?id=243104 The ITAT Delhi allowed the appeal partially, directing the Assessing Officer to rework the income of the assessee based on revised disallowance of expenses. The original assessment under Section 144 was set aside due to non-compliance by the assessee, leading to the rejection of books of account and application of gross profit rate for disallowances. The ITAT instructed the AO to reconsider the disallowances by excluding items already factored into the gross profit rate calculation, addressing concerns of expenses and gross profit enhancements. en-us Fri, 02 Aug 2013 00:00:00 +0530 Sat, 25 Jan 2014 20:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243104 The ITAT Delhi allowed the appeal partially, directing the Assessing Officer to rework the income of the assessee based on revised disallowance of expenses. The original assessment under Section 144 was set aside due to non-compliance by the assessee, leading to the rejection of books of account and application of gross profit rate for disallowances. The ITAT instructed the AO to reconsider the disallowances by excluding items already factored into the gross profit rate calculation, addressing concerns of expenses and gross profit enhancements. Case-Laws Income Tax Fri, 02 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243104