https://www.taxtmi.com/caselaws?id=345797 The Tribunal allowed the grounds raised by both the revenue and the assessee for statistical purposes, emphasizing the importance of audited accounts in determining true income. The appeals were decided ex parte due to the prolonged pendency and non-appearance of the assessee. The Tribunal upheld the decisions of the CIT(A) where appropriate and directed the Assessing Officer to consider the audit report before finalizing the taxable income. en-us Wed, 22 Mar 2017 00:00:00 +0530 Thu, 27 Jul 2017 08:14:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345797 The Tribunal allowed the grounds raised by both the revenue and the assessee for statistical purposes, emphasizing the importance of audited accounts in determining true income. The appeals were decided ex parte due to the prolonged pendency and non-appearance of the assessee. The Tribunal upheld the decisions of the CIT(A) where appropriate and directed the Assessing Officer to consider the audit report before finalizing the taxable income. Case-Laws Income Tax Wed, 22 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345797