https://www.taxtmi.com/caselaws?id=325024 The Tribunal allowed the assessee's appeal, finding the disallowances made by the Assessing Officer to lack merit and the Ld.CIT's actions regarding the rejection of books of accounts and estimation of profits unfounded. The Tribunal held that the Ld.CIT's order under section 263 was legally untenable due to flawed grounds and lack of proper examination, ultimately quashing the revision. The decision was rendered on 27th January 2016 in Open Court. en-us Wed, 27 Jan 2016 00:00:00 +0530 Tue, 08 Mar 2016 11:02:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325024 The Tribunal allowed the assessee's appeal, finding the disallowances made by the Assessing Officer to lack merit and the Ld.CIT's actions regarding the rejection of books of accounts and estimation of profits unfounded. The Tribunal held that the Ld.CIT's order under section 263 was legally untenable due to flawed grounds and lack of proper examination, ultimately quashing the revision. The decision was rendered on 27th January 2016 in Open Court. Case-Laws Income Tax Wed, 27 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325024