https://www.taxtmi.com/caselaws?id=274447 The Tribunal dismissed the Revenue's appeal and allowed the assessee's appeal, concluding that the rejection of books and the additions/disallowances made by the AO were not justified. The Tribunal found the defects identified by the AO to be trivial and non-existent, upheld the deletion of the addition on account of low Gross Profit, and dismissed the disallowance under Section 40A(2)(b) due to erroneous averaging methods used by the authorities. en-us Fri, 17 Feb 2017 00:00:00 +0530 Wed, 15 Aug 2018 16:25:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274447 The Tribunal dismissed the Revenue's appeal and allowed the assessee's appeal, concluding that the rejection of books and the additions/disallowances made by the AO were not justified. The Tribunal found the defects identified by the AO to be trivial and non-existent, upheld the deletion of the addition on account of low Gross Profit, and dismissed the disallowance under Section 40A(2)(b) due to erroneous averaging methods used by the authorities. Case-Laws Income Tax Fri, 17 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274447