https://www.taxtmi.com/caselaws?id=180617 The Tribunal dismissed all appeals filed by the Revenue, confirming the CIT(A)'s orders and rejecting the A.O.'s grounds for additions and rejection of books of account. The A.O.'s estimations were deemed unjustified, and the Tribunal emphasized the importance of specific defects in books of account before rejection. The addition on account of closing stock was deleted due to incorrect assumptions by the A.O. The applicability of Section 292C was found irrelevant as no additions were made based on incriminating material found during the search. en-us Mon, 10 Dec 2012 00:00:00 +0530 Tue, 05 Apr 2016 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180617 The Tribunal dismissed all appeals filed by the Revenue, confirming the CIT(A)'s orders and rejecting the A.O.'s grounds for additions and rejection of books of account. The A.O.'s estimations were deemed unjustified, and the Tribunal emphasized the importance of specific defects in books of account before rejection. The addition on account of closing stock was deleted due to incorrect assumptions by the A.O. The applicability of Section 292C was found irrelevant as no additions were made based on incriminating material found during the search. Case-Laws Income Tax Mon, 10 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180617