https://www.taxtmi.com/caselaws?id=351203 The Income-tax Appellate Tribunal, in a case involving the deletion of a trading addition made by the Assessing Officer for the suppression of sales, upheld the decision of the Commissioner of Income-tax (Appeals) and ruled in favor of the assessee. The Tribunal found that the Assessing Officer's rejection of the books of account was unjustified, as it was based on erroneous assumptions and lacked substantial evidence. Consequently, the Tribunal dismissed the appeal, affirming the deletion of the addition for suppression of sales in favor of the assessee. en-us Tue, 01 Aug 2017 00:00:00 +0530 Tue, 21 Nov 2017 09:13:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351203 The Income-tax Appellate Tribunal, in a case involving the deletion of a trading addition made by the Assessing Officer for the suppression of sales, upheld the decision of the Commissioner of Income-tax (Appeals) and ruled in favor of the assessee. The Tribunal found that the Assessing Officer's rejection of the books of account was unjustified, as it was based on erroneous assumptions and lacked substantial evidence. Consequently, the Tribunal dismissed the appeal, affirming the deletion of the addition for suppression of sales in favor of the assessee. Case-Laws Income Tax Tue, 01 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351203