https://www.taxtmi.com/caselaws?id=178143 The Tribunal upheld the decisions of the First Appellate Authority in a case involving the rejection of books of accounts, valuation of finished goods, treatment of excess scrap, business promotion expenses, and incentive and commission expenses. The assessing officer's rejection of the books of accounts was deemed unjustified, and various additions made by the Revenue were dismissed due to lack of discrepancies and valid justifications provided by the assessee. The Tribunal criticized the Revenue for filing frivolous appeals and awarded costs to the assessee. en-us Wed, 29 Oct 2014 00:00:00 +0530 Fri, 29 Jan 2016 10:17:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178143 The Tribunal upheld the decisions of the First Appellate Authority in a case involving the rejection of books of accounts, valuation of finished goods, treatment of excess scrap, business promotion expenses, and incentive and commission expenses. The assessing officer's rejection of the books of accounts was deemed unjustified, and various additions made by the Revenue were dismissed due to lack of discrepancies and valid justifications provided by the assessee. The Tribunal criticized the Revenue for filing frivolous appeals and awarded costs to the assessee. Case-Laws Income Tax Wed, 29 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178143