https://www.taxtmi.com/caselaws?id=255287 The Tribunal allowed the Assessee's appeal regarding the assessment of total income and addition based on the difference in MRP, holding that the AO's actions were unjustified. The Tribunal also allowed the Assessee's ground on the rejection of books of accounts but dismissed the ground related to the refusal to admit additional evidence. The ground on penalty proceedings was dismissed as premature. The Tribunal dismissed the Revenue's appeal, upholding the DRP's deletion of the ad-hoc disallowance of expenses. en-us Fri, 28 Nov 2014 00:00:00 +0530 Fri, 22 May 2015 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255287 The Tribunal allowed the Assessee's appeal regarding the assessment of total income and addition based on the difference in MRP, holding that the AO's actions were unjustified. The Tribunal also allowed the Assessee's ground on the rejection of books of accounts but dismissed the ground related to the refusal to admit additional evidence. The ground on penalty proceedings was dismissed as premature. The Tribunal dismissed the Revenue's appeal, upholding the DRP's deletion of the ad-hoc disallowance of expenses. Case-Laws Income Tax Fri, 28 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255287