https://www.taxtmi.com/caselaws?id=353349 The tribunal allowed the appeals for both Assessment Years 2010-11 and 2011-12, overturning the additions made by the Assessing Officer and reversing the rejection of books of accounts under Section 145 of the Income Tax Act, 1961. Additionally, the denial of deduction under Section 80IC was reversed, impacting the consequential interest charges. The tribunal emphasized the significance of proper valuation methods and adherence to principles of natural justice in assessment proceedings. en-us Fri, 29 Dec 2017 00:00:00 +0530 Tue, 02 Jan 2018 09:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353349 The tribunal allowed the appeals for both Assessment Years 2010-11 and 2011-12, overturning the additions made by the Assessing Officer and reversing the rejection of books of accounts under Section 145 of the Income Tax Act, 1961. Additionally, the denial of deduction under Section 80IC was reversed, impacting the consequential interest charges. The tribunal emphasized the significance of proper valuation methods and adherence to principles of natural justice in assessment proceedings. Case-Laws Income Tax Fri, 29 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353349