https://www.taxtmi.com/caselaws?id=177418 The HC allowed the appeals concerning the assessment years 1993-94 and 1994-95. For 1993-94, the rejection of the books of account was deemed unjustified, as the court recognized the legitimacy of self-made vouchers for labor wage payments, leading to the deletion of the addition. For 1994-95, the court set aside the Tribunal's order and remanded the case for fresh consideration, emphasizing the need for specific material evidence to justify reopening the assessment based on the previous year's gross profit rate discrepancy. en-us Thu, 10 Apr 2008 00:00:00 +0530 Tue, 19 Dec 2023 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177418 The HC allowed the appeals concerning the assessment years 1993-94 and 1994-95. For 1993-94, the rejection of the books of account was deemed unjustified, as the court recognized the legitimacy of self-made vouchers for labor wage payments, leading to the deletion of the addition. For 1994-95, the court set aside the Tribunal's order and remanded the case for fresh consideration, emphasizing the need for specific material evidence to justify reopening the assessment based on the previous year's gross profit rate discrepancy. Case-Laws Income Tax Thu, 10 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177418