https://www.taxtmi.com/caselaws?id=258489 The Tribunal upheld the validity of notices issued under Section 153A and the rejection of books of account under Section 145(3). It partly allowed the appeals by adjusting Gross Profit rates and directing the Assessing Officer to recalculate income based on revised rates. The decision was supported by evidence of unrecorded transactions and admissions during the search, justifying the actions taken by the Assessing Officer and CIT(A). The appeals were partly allowed with specific instructions for income recalculation. en-us Thu, 19 Feb 2015 00:00:00 +0530 Sat, 11 Apr 2015 01:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258489 The Tribunal upheld the validity of notices issued under Section 153A and the rejection of books of account under Section 145(3). It partly allowed the appeals by adjusting Gross Profit rates and directing the Assessing Officer to recalculate income based on revised rates. The decision was supported by evidence of unrecorded transactions and admissions during the search, justifying the actions taken by the Assessing Officer and CIT(A). The appeals were partly allowed with specific instructions for income recalculation. Case-Laws Income Tax Thu, 19 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258489