https://www.taxtmi.com/caselaws?id=263515 The Tribunal upheld the CIT(A)'s decision in both issues, emphasizing the importance of following accounting standards and the need for specific defects to reject book results under section 145(3) of the Income Tax Act. The Revenue's appeal was dismissed, affirming the deletion of the interest expenditure and estimated Gross Profit additions. en-us Thu, 13 Aug 2015 00:00:00 +0530 Fri, 04 Sep 2015 07:49:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263515 The Tribunal upheld the CIT(A)'s decision in both issues, emphasizing the importance of following accounting standards and the need for specific defects to reject book results under section 145(3) of the Income Tax Act. The Revenue's appeal was dismissed, affirming the deletion of the interest expenditure and estimated Gross Profit additions. Case-Laws Income Tax Thu, 13 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263515