https://www.taxtmi.com/caselaws?id=344066 The appeal filed by the Assessing Officer was dismissed, and the decisions of the First Appellate Authority and Tribunal were upheld. The rejection of books of accounts and additional evidence by the Assessing Officer was found unjustified, resulting in the deletion of additions made on account of under-reported gross profit and excess commission paid. The Tribunal confirmed the FAA's decision to delete these additions, emphasizing the lack of proper justification by the Assessing Officer in estimating gross profit rates and making ad-hoc disallowances. en-us Fri, 26 May 2017 00:00:00 +0530 Thu, 08 Jun 2017 05:57:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344066 The appeal filed by the Assessing Officer was dismissed, and the decisions of the First Appellate Authority and Tribunal were upheld. The rejection of books of accounts and additional evidence by the Assessing Officer was found unjustified, resulting in the deletion of additions made on account of under-reported gross profit and excess commission paid. The Tribunal confirmed the FAA's decision to delete these additions, emphasizing the lack of proper justification by the Assessing Officer in estimating gross profit rates and making ad-hoc disallowances. Case-Laws Income Tax Fri, 26 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344066