https://www.taxtmi.com/caselaws?id=353658 The ITAT upheld the AO's decision to invoke Section 145(3) for rejecting the books of accounts due to discrepancies, sustained the trading addition of Rs. 10,95,619 by increasing the GP rate, and reduced the disallowance of Rs. 28,866 out of expenses. The appeal on show cause notice issuance and interest charges was dismissed. The ITAT found the AO's actions justified, ultimately partially allowing the appeal and deleting certain disallowances. en-us Tue, 02 Jan 2018 00:00:00 +0530 Tue, 09 Jan 2018 08:20:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353658 The ITAT upheld the AO's decision to invoke Section 145(3) for rejecting the books of accounts due to discrepancies, sustained the trading addition of Rs. 10,95,619 by increasing the GP rate, and reduced the disallowance of Rs. 28,866 out of expenses. The appeal on show cause notice issuance and interest charges was dismissed. The ITAT found the AO's actions justified, ultimately partially allowing the appeal and deleting certain disallowances. Case-Laws Income Tax Tue, 02 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353658