https://www.taxtmi.com/caselaws?id=178102 The appeal under section 260A of the IT Act, 1961 was dismissed by the Tribunal. The rejection of books of account, estimation of sales and GP rate, surrender during survey proceedings, and correctness and completeness of books of account were upheld. The Tribunal found that the books did not accurately reflect the income, leading to the application of a GP rate of 32% and estimation of sales based on best judgment. The decision emphasized the validity of the AO's rejection of the accounts, resulting in the dismissal of the appeal with no substantial question of law arising. en-us Mon, 10 Nov 2008 00:00:00 +0530 Thu, 28 Jan 2016 12:27:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178102 The appeal under section 260A of the IT Act, 1961 was dismissed by the Tribunal. The rejection of books of account, estimation of sales and GP rate, surrender during survey proceedings, and correctness and completeness of books of account were upheld. The Tribunal found that the books did not accurately reflect the income, leading to the application of a GP rate of 32% and estimation of sales based on best judgment. The decision emphasized the validity of the AO's rejection of the accounts, resulting in the dismissal of the appeal with no substantial question of law arising. Case-Laws Income Tax Mon, 10 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178102