https://www.taxtmi.com/caselaws?id=258983 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s order that deleted the additions made under Section 41(1) and by rejecting the books under Section 145. The Tribunal found that the AO's actions were based on incorrect findings and lacked proper inquiry and justification. The assessee had provided sufficient evidence to prove the genuineness of the liabilities and the correctness of the books of accounts. en-us Fri, 27 Mar 2015 00:00:00 +0530 Mon, 27 Apr 2015 06:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258983 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s order that deleted the additions made under Section 41(1) and by rejecting the books under Section 145. The Tribunal found that the AO's actions were based on incorrect findings and lacked proper inquiry and justification. The assessee had provided sufficient evidence to prove the genuineness of the liabilities and the correctness of the books of accounts. Case-Laws Income Tax Fri, 27 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258983