https://www.taxtmi.com/caselaws?id=258588 Rejection of books of account was upheld where the assessee failed to produce complete accounts and supporting records despite repeated s, and a revised gross profit rate was sustained on the facts because the assessee's sick-company status and BIFR reference showed the current year could not be compared mechanically with the earlier year. Deletion of the addition for unpaid statutory liabilities was set aside because a wrong section cited in the assessment order did not, by itself, defeat an otherwise sustainable disallowance; the matter was remanded to the Assessing Officer for fresh adjudication after hearing the assessee. en-us Tue, 10 Mar 2015 00:00:00 +0530 Wed, 15 Apr 2015 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258588 Rejection of books of account was upheld where the assessee failed to produce complete accounts and supporting records despite repeated s, and a revised gross profit rate was sustained on the facts because the assessee's sick-company status and BIFR reference showed the current year could not be compared mechanically with the earlier year. Deletion of the addition for unpaid statutory liabilities was set aside because a wrong section cited in the assessment order did not, by itself, defeat an otherwise sustainable disallowance; the matter was remanded to the Assessing Officer for fresh adjudication after hearing the assessee. Case-Laws Income Tax Tue, 10 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258588