https://www.taxtmi.com/caselaws?id=356157 The appeal was allowed by ITAT CUTTACK, condoning the delay in filing the appeal and admitting it for hearing. The addition under section 69 of the Income Tax Act was deleted as the rejected books of accounts could not be relied upon for such additions. The ITAT overturned the addition based on the discrepancy in the bank account balance, emphasizing the rejection of books of accounts during the original assessment. Other grounds related to the reopening of assessment were deemed infructuous following the deletion of the addition under section 69. en-us Wed, 29 Nov 2017 00:00:00 +0530 Mon, 26 Feb 2018 08:29:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356157 The appeal was allowed by ITAT CUTTACK, condoning the delay in filing the appeal and admitting it for hearing. The addition under section 69 of the Income Tax Act was deleted as the rejected books of accounts could not be relied upon for such additions. The ITAT overturned the addition based on the discrepancy in the bank account balance, emphasizing the rejection of books of accounts during the original assessment. Other grounds related to the reopening of assessment were deemed infructuous following the deletion of the addition under section 69. Case-Laws Income Tax Wed, 29 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356157