https://www.taxtmi.com/caselaws?id=176296 The court upheld the judgments of the Tribunal and Commissioner of Income Tax (Appeals) in a case involving the rejection of books of accounts for the assessment year 2000-01. The court found that the rejection based on electricity consumption discrepancies was not justified as no incriminating material was found during the search action. The court dismissed the appeals, emphasizing that the findings did not raise any substantial question of law. The appellant's arguments were deemed to lack merit, and the decisions of the lower authorities were upheld. en-us Mon, 10 Feb 2014 00:00:00 +0530 Sat, 02 Jan 2016 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176296 The court upheld the judgments of the Tribunal and Commissioner of Income Tax (Appeals) in a case involving the rejection of books of accounts for the assessment year 2000-01. The court found that the rejection based on electricity consumption discrepancies was not justified as no incriminating material was found during the search action. The court dismissed the appeals, emphasizing that the findings did not raise any substantial question of law. The appellant's arguments were deemed to lack merit, and the decisions of the lower authorities were upheld. Case-Laws Income Tax Mon, 10 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176296