https://www.taxtmi.com/caselaws?id=177843 The Appellate Tribunal ITAT Jaipur partially allowed the department's appeal against the ld. CIT (A)'s order for the assessment year 2007-08. The Tribunal upheld the rejection of books of account due to unverifiable purchases but deemed the 25% addition unjustified. Instead, a trading addition of Rs. 1,50,000/- was imposed to prevent potential revenue leakage, based on the increased turnover and improved gross profit rate. This decision resulted in the department succeeding partially in its appeal. en-us Fri, 24 Jun 2011 00:00:00 +0530 Wed, 20 Jan 2016 14:49:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177843 The Appellate Tribunal ITAT Jaipur partially allowed the department's appeal against the ld. CIT (A)'s order for the assessment year 2007-08. The Tribunal upheld the rejection of books of account due to unverifiable purchases but deemed the 25% addition unjustified. Instead, a trading addition of Rs. 1,50,000/- was imposed to prevent potential revenue leakage, based on the increased turnover and improved gross profit rate. This decision resulted in the department succeeding partially in its appeal. Case-Laws Income Tax Fri, 24 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177843