https://www.taxtmi.com/caselaws?id=188265 The court upheld the ITAT's decision to sustain the trading addition following the rejection of the books of account under section 145(3). The additions were based on reasonable estimation and comparison with similar cases in the liquor trade. The arguments regarding the applicability of sections 44AA and rule 6F were rejected as inapplicable to the liquor trade. The court found no reason to remand the matter, as the ITAT's findings were detailed and supported by material evidence. The appeals were dismissed, and the order of the ITAT was deemed just and proper. en-us Fri, 29 Jul 2016 00:00:00 +0530 Wed, 23 Nov 2016 15:59:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188265 The court upheld the ITAT's decision to sustain the trading addition following the rejection of the books of account under section 145(3). The additions were based on reasonable estimation and comparison with similar cases in the liquor trade. The arguments regarding the applicability of sections 44AA and rule 6F were rejected as inapplicable to the liquor trade. The court found no reason to remand the matter, as the ITAT's findings were detailed and supported by material evidence. The appeals were dismissed, and the order of the ITAT was deemed just and proper. Case-Laws Income Tax Fri, 29 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188265