https://www.taxtmi.com/caselaws?id=350855 The Tribunal upheld the CIT(A)'s decision to make an ad-hoc addition of Rs. 5 Lac while deleting the trading addition of Rs. 73,94,581/-. The Tribunal found that the rejection of the books of account under Section 145(3) was not justified as the assessee had maintained proper records, and the decline in the GP rate was reasonably explained. The appeal was dismissed in favor of the assessee. en-us Mon, 23 Oct 2017 00:00:00 +0530 Tue, 14 Nov 2017 04:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350855 The Tribunal upheld the CIT(A)'s decision to make an ad-hoc addition of Rs. 5 Lac while deleting the trading addition of Rs. 73,94,581/-. The Tribunal found that the rejection of the books of account under Section 145(3) was not justified as the assessee had maintained proper records, and the decline in the GP rate was reasonably explained. The appeal was dismissed in favor of the assessee. Case-Laws Income Tax Mon, 23 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350855