https://www.taxtmi.com/caselaws?id=247998 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s deletions of additions made under Section 40A(2)(b) and on account of low Gross Profit (GP). The Tribunal found that the CIT(A) had rightly considered the commercial justifications and proper accounting practices, and the AO had not provided sufficient grounds for rejecting the books of account. en-us Fri, 21 Mar 2014 00:00:00 +0530 Thu, 29 May 2014 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247998 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s deletions of additions made under Section 40A(2)(b) and on account of low Gross Profit (GP). The Tribunal found that the CIT(A) had rightly considered the commercial justifications and proper accounting practices, and the AO had not provided sufficient grounds for rejecting the books of account. Case-Laws Income Tax Fri, 21 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247998