https://www.taxtmi.com/caselaws?id=354072 The appellant successfully challenged the disallowance of service tax expenditure on freight for transportation of goods, with the High Court ruling in favor of the assessee. However, the rejection of books of account under Section 145(3) of the Income Tax Act, 1961 was upheld, favoring the Department. The court allowed the appellant to use precedents for assessment based on average GP or NP from the last five years. Overall, the appeal was partly allowed, with each issue being decided in favor of different parties. en-us Tue, 05 Dec 2017 00:00:00 +0530 Wed, 17 Jan 2018 12:03:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354072 The appellant successfully challenged the disallowance of service tax expenditure on freight for transportation of goods, with the High Court ruling in favor of the assessee. However, the rejection of books of account under Section 145(3) of the Income Tax Act, 1961 was upheld, favoring the Department. The court allowed the appellant to use precedents for assessment based on average GP or NP from the last five years. Overall, the appeal was partly allowed, with each issue being decided in favor of different parties. Case-Laws Income Tax Tue, 05 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354072