https://www.taxtmi.com/caselaws?id=262507 The appeals were dismissed in a case involving challenges against an ITAT order for assessment years 2005-2009. The appellant contested the deletion of additions made by the AO due to non-production of books of account and the adoption of a 20% GP rate. The Tribunal found the AO's actions arbitrary, lacking legal basis and evidence, citing a Privy Council judgment. The decisions of the CIT (Appeals) and the Tribunal were upheld as reasonable, leading to the dismissal of the appeals as no substantial question of law was identified. en-us Mon, 03 Aug 2015 00:00:00 +0530 Wed, 12 Aug 2015 06:52:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262507 The appeals were dismissed in a case involving challenges against an ITAT order for assessment years 2005-2009. The appellant contested the deletion of additions made by the AO due to non-production of books of account and the adoption of a 20% GP rate. The Tribunal found the AO's actions arbitrary, lacking legal basis and evidence, citing a Privy Council judgment. The decisions of the CIT (Appeals) and the Tribunal were upheld as reasonable, leading to the dismissal of the appeals as no substantial question of law was identified. Case-Laws Income Tax Mon, 03 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262507