https://www.taxtmi.com/caselaws?id=364793 The Tribunal upheld the decision of the Ld. CIT(A) in a tax case where the Assessing Officer (AO) had made additions to the income of the assessee based on alleged artificial excess consumption of materials and rejected the books of accounts under Section 145(3) of the Income Tax Act. The Tribunal found that the AO's actions were not justified as the assessee provided adequate explanations and documentation to support business operations and consumption figures. The appeal of the Revenue was dismissed, and the findings of the Ld. CIT(A) were upheld, emphasizing the importance of consistency in tax proceedings. en-us Wed, 01 Aug 2018 00:00:00 +0530 Fri, 21 Sep 2018 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364793 The Tribunal upheld the decision of the Ld. CIT(A) in a tax case where the Assessing Officer (AO) had made additions to the income of the assessee based on alleged artificial excess consumption of materials and rejected the books of accounts under Section 145(3) of the Income Tax Act. The Tribunal found that the AO's actions were not justified as the assessee provided adequate explanations and documentation to support business operations and consumption figures. The appeal of the Revenue was dismissed, and the findings of the Ld. CIT(A) were upheld, emphasizing the importance of consistency in tax proceedings. Case-Laws Income Tax Wed, 01 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364793