https://www.taxtmi.com/caselaws?id=331484 The Tribunal upheld the CIT(A)'s decision that the reopening of the case under Section 147 of the IT Act was invalid and deleted the addition made under Section 40(a)(ia) due to the timely deposit of TDS. The Tribunal modified the trading additions in the construction business but confirmed the AO's addition in the wine business. The rejection of books of account under Section 145(3) was upheld, resulting in trading additions with some modifications. Both the Revenue and the assessee had their appeals partly allowed in this case. en-us Mon, 30 May 2016 00:00:00 +0530 Wed, 24 Aug 2016 11:02:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331484 The Tribunal upheld the CIT(A)'s decision that the reopening of the case under Section 147 of the IT Act was invalid and deleted the addition made under Section 40(a)(ia) due to the timely deposit of TDS. The Tribunal modified the trading additions in the construction business but confirmed the AO's addition in the wine business. The rejection of books of account under Section 145(3) was upheld, resulting in trading additions with some modifications. Both the Revenue and the assessee had their appeals partly allowed in this case. Case-Laws Income Tax Mon, 30 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331484