https://www.taxtmi.com/caselaws?id=275329 The Tribunal found the assessment order under section 143(3)/153A to be void as no new evidence was presented. The rejection of books of accounts under section 145(3) was not upheld due to lack of serious defects. The application of a 17% GP rate was deemed unjustified, leading to a reduction in trading addition. The addition on account of alleged undisclosed profit of Silver Star Unit was not supported. The disallowance under section 36(1)(va) regarding employee's contributions towards PF and ESI was deleted. All appeals by the assessee were allowed, while those by the Revenue were dismissed. en-us Wed, 05 Mar 2014 00:00:00 +0530 Fri, 28 Sep 2018 07:31:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275329 The Tribunal found the assessment order under section 143(3)/153A to be void as no new evidence was presented. The rejection of books of accounts under section 145(3) was not upheld due to lack of serious defects. The application of a 17% GP rate was deemed unjustified, leading to a reduction in trading addition. The addition on account of alleged undisclosed profit of Silver Star Unit was not supported. The disallowance under section 36(1)(va) regarding employee's contributions towards PF and ESI was deleted. All appeals by the assessee were allowed, while those by the Revenue were dismissed. Case-Laws Income Tax Wed, 05 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275329