https://www.taxtmi.com/caselaws?id=269062 The Tribunal upheld the CIT(A)'s decision, ruling that the Assessing Officer (AO) was not justified in rejecting the books of accounts and estimating the profit. The Tribunal emphasized that the AO's reasons lacked a valid basis and that the CIT(A) had thoroughly addressed each objection raised. It was highlighted that insignificant defects should not warrant the rejection of the entire books of accounts. The Revenue's appeal was dismissed, and the CIT(A)'s order was upheld. en-us Thu, 15 Oct 2015 00:00:00 +0530 Mon, 07 Dec 2015 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269062 The Tribunal upheld the CIT(A)'s decision, ruling that the Assessing Officer (AO) was not justified in rejecting the books of accounts and estimating the profit. The Tribunal emphasized that the AO's reasons lacked a valid basis and that the CIT(A) had thoroughly addressed each objection raised. It was highlighted that insignificant defects should not warrant the rejection of the entire books of accounts. The Revenue's appeal was dismissed, and the CIT(A)'s order was upheld. Case-Laws Income Tax Thu, 15 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269062