https://www.taxtmi.com/caselaws?id=12606 HC held that section 145 merely prescribes the basis of computing income and does not itself mandate additions; rejection of books does not automatically justify additions. Tribunal rightly deleted additions to trading profits where higher gross profit rate was adopted without findings of unreasonable expenses, deciding the proviso to section 145 applied. HC also held that sales tax paid within the statutory period is allowable under section 43B, and therefore the assessing authority erred in disallowing the deduction; both issues resolved in favor of the assessee and against the Revenue. en-us Sat, 21 Jul 2001 00:00:00 +0530 Fri, 03 Oct 2025 19:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12606 HC held that section 145 merely prescribes the basis of computing income and does not itself mandate additions; rejection of books does not automatically justify additions. Tribunal rightly deleted additions to trading profits where higher gross profit rate was adopted without findings of unreasonable expenses, deciding the proviso to section 145 applied. HC also held that sales tax paid within the statutory period is allowable under section 43B, and therefore the assessing authority erred in disallowing the deduction; both issues resolved in favor of the assessee and against the Revenue. Case-Laws Income Tax Sat, 21 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12606