https://www.taxtmi.com/caselaws?id=372213 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition of Rs. 3,51,88,221/- and allow the deduction under Section 80IC. The Tribunal found that the AO's rejection of the books of account and the estimation of suppressed expenses were based on assumptions without concrete evidence. The Tribunal emphasized the importance of following principles of natural justice and providing the assessee an opportunity to explain alleged defects in the books of account. en-us Mon, 10 Dec 2018 00:00:00 +0530 Wed, 19 Dec 2018 08:36:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372213 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition of Rs. 3,51,88,221/- and allow the deduction under Section 80IC. The Tribunal found that the AO's rejection of the books of account and the estimation of suppressed expenses were based on assumptions without concrete evidence. The Tribunal emphasized the importance of following principles of natural justice and providing the assessee an opportunity to explain alleged defects in the books of account. Case-Laws Income Tax Mon, 10 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372213