https://www.taxtmi.com/caselaws?id=177693 The Appellate Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 42,87,880 to the assessee's income for the assessment year 2008-09. The tribunal found that the Assessing Officer did not identify any defects in the assessee's accounts that would justify rejecting the book results and estimating income based on a different gross profit rate. As a result, the revenue's appeal was dismissed, affirming the deletion of the addition and emphasizing the importance of computing income in accordance with the assessee's regular accounting method. en-us Fri, 15 May 2015 00:00:00 +0530 Fri, 15 Jan 2016 11:52:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177693 The Appellate Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 42,87,880 to the assessee's income for the assessment year 2008-09. The tribunal found that the Assessing Officer did not identify any defects in the assessee's accounts that would justify rejecting the book results and estimating income based on a different gross profit rate. As a result, the revenue's appeal was dismissed, affirming the deletion of the addition and emphasizing the importance of computing income in accordance with the assessee's regular accounting method. Case-Laws Income Tax Fri, 15 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177693