https://www.taxtmi.com/caselaws?id=356669 The Tribunal dismissed both the appeals of the Revenue and the assessee, upholding the CIT(A)'s decisions on all issues. The rejection of books of accounts and the estimation of income by the AO were deemed unjustified. The addition on account of undervaluation of closing stock was confirmed, and the disallowance of foreign tour expenses was upheld. en-us Thu, 01 Mar 2018 00:00:00 +0530 Fri, 09 Mar 2018 06:57:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356669 The Tribunal dismissed both the appeals of the Revenue and the assessee, upholding the CIT(A)'s decisions on all issues. The rejection of books of accounts and the estimation of income by the AO were deemed unjustified. The addition on account of undervaluation of closing stock was confirmed, and the disallowance of foreign tour expenses was upheld. Case-Laws Income Tax Thu, 01 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356669