https://www.taxtmi.com/caselaws?id=194666 The Tribunal upheld the CIT(A)'s decision to restrict the addition on account of lower gross profit, delete the disallowance of expenditure, and remand the issue of unexplained cash credits back to the AO for verification. The Tribunal also upheld the best judgment assessment under section 144 and the rejection of books of account under section 145(3), dismissing the assessee's appeal on these grounds. The Tribunal emphasized the need for proper verification of claims and directed the AO to provide the assessee with an opportunity to present necessary documents for verification. en-us Wed, 10 Sep 2014 00:00:00 +0530 Tue, 19 Sep 2017 10:22:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194666 The Tribunal upheld the CIT(A)'s decision to restrict the addition on account of lower gross profit, delete the disallowance of expenditure, and remand the issue of unexplained cash credits back to the AO for verification. The Tribunal also upheld the best judgment assessment under section 144 and the rejection of books of account under section 145(3), dismissing the assessee's appeal on these grounds. The Tribunal emphasized the need for proper verification of claims and directed the AO to provide the assessee with an opportunity to present necessary documents for verification. Case-Laws Income Tax Wed, 10 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194666