https://www.taxtmi.com/caselaws?id=271958 The Tribunal allowed the appeal of the assessee, overturning the rejection of trading results and books of accounts under section 145(3). The Tribunal disagreed with the Assessing Officer's unilateral rejection and adoption of a 15% gross profit rate, emphasizing the importance of considering international standards for goods exported. The Tribunal criticized the failure to consider all relevant documents and invoices related to export orders, highlighting the necessity of proper justification for decisions impacting the assessee's income. en-us Fri, 15 Jan 2016 00:00:00 +0530 Tue, 23 Feb 2016 10:22:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271958 The Tribunal allowed the appeal of the assessee, overturning the rejection of trading results and books of accounts under section 145(3). The Tribunal disagreed with the Assessing Officer's unilateral rejection and adoption of a 15% gross profit rate, emphasizing the importance of considering international standards for goods exported. The Tribunal criticized the failure to consider all relevant documents and invoices related to export orders, highlighting the necessity of proper justification for decisions impacting the assessee's income. Case-Laws Income Tax Fri, 15 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271958