https://www.taxtmi.com/caselaws?id=277490 The Tribunal allowed the assessee's appeal for statistical purposes, emphasizing the importance of providing adequate opportunities for the assessee to present their case. The Tribunal found that the time provided by the Assessing Officer for producing creditors was insufficient, and the addition on account of low gross profit was set aside as the Assessing Officer failed to justify rejecting the books of account under Section 145. The Tribunal directed a reexamination of the books of account with a fair opportunity for the assessee to be heard before any determination is made. en-us Fri, 31 Aug 2012 00:00:00 +0530 Wed, 05 Dec 2018 16:21:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277490 The Tribunal allowed the assessee's appeal for statistical purposes, emphasizing the importance of providing adequate opportunities for the assessee to present their case. The Tribunal found that the time provided by the Assessing Officer for producing creditors was insufficient, and the addition on account of low gross profit was set aside as the Assessing Officer failed to justify rejecting the books of account under Section 145. The Tribunal directed a reexamination of the books of account with a fair opportunity for the assessee to be heard before any determination is made. Case-Laws Income Tax Fri, 31 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277490