https://www.taxtmi.com/caselaws?id=353844 The Tribunal upheld the deletion of a major addition of Rs. 1,97,55,357, agreeing with the Commissioner of Income-tax (Appeals) that the Assessing Officer failed to reject the books of accounts or identify significant defects. The Tribunal acknowledged the consistency in the appellant's net profit rates but reduced the confirmed disallowance from Rs. 15,00,000 to Rs. 5,00,000 to maintain alignment with subsequent assessments, partially allowing the assessee's cross-objection. The final order was issued on November 2, 2017. en-us Thu, 02 Nov 2017 00:00:00 +0530 Sat, 13 Jan 2018 08:52:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353844 The Tribunal upheld the deletion of a major addition of Rs. 1,97,55,357, agreeing with the Commissioner of Income-tax (Appeals) that the Assessing Officer failed to reject the books of accounts or identify significant defects. The Tribunal acknowledged the consistency in the appellant's net profit rates but reduced the confirmed disallowance from Rs. 15,00,000 to Rs. 5,00,000 to maintain alignment with subsequent assessments, partially allowing the assessee's cross-objection. The final order was issued on November 2, 2017. Case-Laws Income Tax Thu, 02 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353844