https://www.taxtmi.com/caselaws?id=370094 The Tribunal partly allowed the assessee's appeal and dismissed the Revenue's appeal. The decision was based on a detailed analysis of each issue, considering compliance, previous decisions, and statutory provisions. The Tribunal upheld the addition to business income but reduced it to 200% due to lack of audited accounts and tax audit report. The Revenue's appeal regarding income from house property was dismissed, and the issue of book profit under Section 115JB was remitted for recomputation. The Revenue's claim of Rule 46A violation was dismissed due to the absence of fresh evidence. en-us Tue, 30 Oct 2018 00:00:00 +0530 Fri, 09 Nov 2018 19:03:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370094 The Tribunal partly allowed the assessee's appeal and dismissed the Revenue's appeal. The decision was based on a detailed analysis of each issue, considering compliance, previous decisions, and statutory provisions. The Tribunal upheld the addition to business income but reduced it to 200% due to lack of audited accounts and tax audit report. The Revenue's appeal regarding income from house property was dismissed, and the issue of book profit under Section 115JB was remitted for recomputation. The Revenue's claim of Rule 46A violation was dismissed due to the absence of fresh evidence. Case-Laws Income Tax Tue, 30 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370094