https://www.taxtmi.com/caselaws?id=343667 The High Court upheld the Tribunal's decision to delete additions for the sale of rice and investment in wheat stock made outside the account books. Emphasizing compliance with accounting standards, the Court ruled that no further additions were warranted as the account books were maintained per requirements. The judgment stressed the assessing officer's inability to add transactions not recorded in the books, ultimately dismissing the appeal. en-us Thu, 04 May 2017 00:00:00 +0530 Tue, 30 May 2017 06:15:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343667 The High Court upheld the Tribunal's decision to delete additions for the sale of rice and investment in wheat stock made outside the account books. Emphasizing compliance with accounting standards, the Court ruled that no further additions were warranted as the account books were maintained per requirements. The judgment stressed the assessing officer's inability to add transactions not recorded in the books, ultimately dismissing the appeal. Case-Laws Income Tax Thu, 04 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343667