https://www.taxtmi.com/caselaws?id=247775 The appeal under Section 260A of the Income Tax Act against the rejection of books of account for the assessment year 2007-08 was dismissed. The rejection was upheld due to discrepancies in financial results indicating possible inflation of expenses or depression of sales. The addition on account of low yield of rice was upheld based on discrepancies in reported yield percentage and other factors. The addition on account of paddy milled outside books of account was supported by deficiencies in reporting. The Court found no merit in the appellant's arguments regarding findings recorded by the authorities below and dismissed the appeal as lacking substantial legal questions. en-us Tue, 28 Jan 2014 00:00:00 +0530 Wed, 18 Feb 2015 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247775 The appeal under Section 260A of the Income Tax Act against the rejection of books of account for the assessment year 2007-08 was dismissed. The rejection was upheld due to discrepancies in financial results indicating possible inflation of expenses or depression of sales. The addition on account of low yield of rice was upheld based on discrepancies in reported yield percentage and other factors. The addition on account of paddy milled outside books of account was supported by deficiencies in reporting. The Court found no merit in the appellant's arguments regarding findings recorded by the authorities below and dismissed the appeal as lacking substantial legal questions. Case-Laws Income Tax Tue, 28 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247775