https://www.taxtmi.com/caselaws?id=338806 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision to delete the addition made by the Assessing Officer, rejecting the books of accounts and estimating profit based on incomplete details of sundry creditors. The Tribunal emphasized the necessity of specific findings and the Assessing Officer's burden of proving inaccuracies in the books of account. The failure to provide complete details of sundry creditors did not warrant invoking best judgment powers, leading to the dismissal of the Revenue's appeal. en-us Fri, 03 Feb 2017 00:00:00 +0530 Sat, 11 Feb 2017 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338806 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision to delete the addition made by the Assessing Officer, rejecting the books of accounts and estimating profit based on incomplete details of sundry creditors. The Tribunal emphasized the necessity of specific findings and the Assessing Officer's burden of proving inaccuracies in the books of account. The failure to provide complete details of sundry creditors did not warrant invoking best judgment powers, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 03 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338806