https://www.taxtmi.com/caselaws?id=357816 The Tribunal set aside the disallowance under section 40A(3) and the addition under section 68, deleting both. The appeal was partly allowed, specifically regarding the disallowance under section 40A(3) and the addition under section 68. The rejection of books of account and the estimated profit addition by the Ld. CIT(A) remained upheld as they were not challenged. The additional ground challenging the validity of assessment proceedings based on the A.O.'s jurisdiction was rejected as it was not pressed during the hearing. en-us Fri, 23 Mar 2018 00:00:00 +0530 Fri, 30 Mar 2018 08:19:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357816 The Tribunal set aside the disallowance under section 40A(3) and the addition under section 68, deleting both. The appeal was partly allowed, specifically regarding the disallowance under section 40A(3) and the addition under section 68. The rejection of books of account and the estimated profit addition by the Ld. CIT(A) remained upheld as they were not challenged. The additional ground challenging the validity of assessment proceedings based on the A.O.'s jurisdiction was rejected as it was not pressed during the hearing. Case-Laws Income Tax Fri, 23 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357816