https://www.taxtmi.com/caselaws?id=260955 The Tribunal partly allowed the assessee's appeal by reversing the rejection of revised books of account under section 145(3) due to unjustified action by the Income Tax Officer. The Tribunal also reversed the addition of gifts received under section 69, deeming them genuine with valid explanations provided. However, the addition of undisclosed investment under section 69 was remanded for proper examination. The Tribunal upheld the addition of furniture and fixture expenses as undisclosed income, as well as various other expenses added to the total income due to lack of substantiation for professional use. en-us Wed, 29 Apr 2015 00:00:00 +0530 Mon, 29 Jun 2015 06:29:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260955 The Tribunal partly allowed the assessee's appeal by reversing the rejection of revised books of account under section 145(3) due to unjustified action by the Income Tax Officer. The Tribunal also reversed the addition of gifts received under section 69, deeming them genuine with valid explanations provided. However, the addition of undisclosed investment under section 69 was remanded for proper examination. The Tribunal upheld the addition of furniture and fixture expenses as undisclosed income, as well as various other expenses added to the total income due to lack of substantiation for professional use. Case-Laws Income Tax Wed, 29 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260955