https://www.taxtmi.com/caselaws?id=330069 The ITAT upheld the CIT(A)'s decision to restrict the trading addition, considering the justifications provided by the assessee and the verifiable reasons for the decline in GP rate. The application of case laws and the assessment of discrepancies in the books of accounts played a crucial role in the final judgment. en-us Tue, 31 May 2016 00:00:00 +0530 Sat, 16 Jul 2016 12:36:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330069 The ITAT upheld the CIT(A)'s decision to restrict the trading addition, considering the justifications provided by the assessee and the verifiable reasons for the decline in GP rate. The application of case laws and the assessment of discrepancies in the books of accounts played a crucial role in the final judgment. Case-Laws Income Tax Tue, 31 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330069