https://www.taxtmi.com/caselaws?id=350746 The Tribunal concluded that the Assessing Officer's rejection of the books of accounts and the additions made were unjustified due to lack of concrete evidence and proper investigation. The Tribunal emphasized the importance of confronting and cross-examining any material collected against the assessee. Consequently, the Tribunal set aside the orders of the authorities below and deleted the additions of Rs. 338.40 crores and Rs. 287.48 crores, ruling in favor of the assessee in both appeals. en-us Mon, 17 Apr 2017 00:00:00 +0530 Sat, 11 Nov 2017 10:55:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350746 The Tribunal concluded that the Assessing Officer's rejection of the books of accounts and the additions made were unjustified due to lack of concrete evidence and proper investigation. The Tribunal emphasized the importance of confronting and cross-examining any material collected against the assessee. Consequently, the Tribunal set aside the orders of the authorities below and deleted the additions of Rs. 338.40 crores and Rs. 287.48 crores, ruling in favor of the assessee in both appeals. Case-Laws Income Tax Mon, 17 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350746