https://www.taxtmi.com/caselaws?id=361157 The ITAT allowed the appeal for statistical purposes, directing matters to be reconsidered by the AO in light of available evidence and legal provisions. The AO's rejection of books of account and addition made were set aside, with the ITAT instructing a fresh verification and decision based on the now available regular books of accounts. Similarly, the disallowance of interest expenditure was also remanded back to the AO for a fresh assessment, emphasizing the importance of a reasoned order considering all documentary evidence and submissions. en-us Fri, 11 May 2018 00:00:00 +0530 Wed, 30 May 2018 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361157 The ITAT allowed the appeal for statistical purposes, directing matters to be reconsidered by the AO in light of available evidence and legal provisions. The AO's rejection of books of account and addition made were set aside, with the ITAT instructing a fresh verification and decision based on the now available regular books of accounts. Similarly, the disallowance of interest expenditure was also remanded back to the AO for a fresh assessment, emphasizing the importance of a reasoned order considering all documentary evidence and submissions. Case-Laws Income Tax Fri, 11 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361157