https://www.taxtmi.com/caselaws?id=356369 The cross appeals were dismissed by the High Court, upholding the invocation of section 145(3) of the I.T. Act due to incomplete books of accounts during the survey. The Court accepted genuine claims supported by evidence and rejected unsupported afterthought claims. Relief was granted based on verifiable differences in stock and profit rate, resulting in a balanced approach by the ld. CIT(A) in addressing the issues raised in the appeals. en-us Tue, 27 Feb 2018 00:00:00 +0530 Mon, 05 Mar 2018 07:13:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356369 The cross appeals were dismissed by the High Court, upholding the invocation of section 145(3) of the I.T. Act due to incomplete books of accounts during the survey. The Court accepted genuine claims supported by evidence and rejected unsupported afterthought claims. Relief was granted based on verifiable differences in stock and profit rate, resulting in a balanced approach by the ld. CIT(A) in addressing the issues raised in the appeals. Case-Laws Income Tax Tue, 27 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356369