https://www.taxtmi.com/caselaws?id=331308 The Tribunal allowed the appeal of the assessee for statistical purposes, setting aside various issues for further examination by the Assessing Officer. The Tribunal found in favor of the assessee on the rejection of books of accounts and estimation of gross profit, directing the AO to accept the book results. The addition made under section 69C was deleted as the AO lacked material evidence. The deduction under section 80IB was remanded for verification, while the deduction of Customs duty paid was restored for examination. The issues of interest under sections 234C and 234D were remanded for computation. Additional grounds raised by the assessee were rejected. en-us Fri, 10 Jun 2016 00:00:00 +0530 Fri, 19 Aug 2016 10:51:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331308 The Tribunal allowed the appeal of the assessee for statistical purposes, setting aside various issues for further examination by the Assessing Officer. The Tribunal found in favor of the assessee on the rejection of books of accounts and estimation of gross profit, directing the AO to accept the book results. The addition made under section 69C was deleted as the AO lacked material evidence. The deduction under section 80IB was remanded for verification, while the deduction of Customs duty paid was restored for examination. The issues of interest under sections 234C and 234D were remanded for computation. Additional grounds raised by the assessee were rejected. Case-Laws Income Tax Fri, 10 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331308