https://www.taxtmi.com/caselaws?id=186013 The ITAT AHMEDABAD upheld the decision of the ld. CIT(A) in favor of the assessee, ruling that the Revenue's appeal against the deletion of gross profit addition was dismissed. The Tribunal emphasized the acceptance of the regular accounting method and the inability of the Revenue to challenge the rejection of book results under section 145(3) of the Income Tax Act. The Tribunal cited precedent in confirming the decision to accept the book results, ultimately siding with the assessee. en-us Fri, 05 Aug 2011 00:00:00 +0530 Mon, 05 Sep 2016 17:11:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186013 The ITAT AHMEDABAD upheld the decision of the ld. CIT(A) in favor of the assessee, ruling that the Revenue's appeal against the deletion of gross profit addition was dismissed. The Tribunal emphasized the acceptance of the regular accounting method and the inability of the Revenue to challenge the rejection of book results under section 145(3) of the Income Tax Act. The Tribunal cited precedent in confirming the decision to accept the book results, ultimately siding with the assessee. Case-Laws Income Tax Fri, 05 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186013