https://www.taxtmi.com/caselaws?id=278087 The appeal by the Revenue against the rejection of books of account by the AO for the assessment year 2008-09 was decided in favor of the appellant. The ld. CIT(A) upheld the books of account of the assessee, finding them verifiable for determining gross profits. The addition made on account of a low gross profit rate was explained by the assessee due to bullion price fluctuations, with proper maintenance of accounts noted. The Tribunal upheld the ld. CIT(A)'s decision, dismissing the Revenue's appeal. The appeal was dismissed, with the order pronounced on 12-09-2014. en-us Fri, 12 Sep 2014 00:00:00 +0530 Tue, 08 Jan 2019 10:52:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278087 The appeal by the Revenue against the rejection of books of account by the AO for the assessment year 2008-09 was decided in favor of the appellant. The ld. CIT(A) upheld the books of account of the assessee, finding them verifiable for determining gross profits. The addition made on account of a low gross profit rate was explained by the assessee due to bullion price fluctuations, with proper maintenance of accounts noted. The Tribunal upheld the ld. CIT(A)'s decision, dismissing the Revenue's appeal. The appeal was dismissed, with the order pronounced on 12-09-2014. Case-Laws Income Tax Fri, 12 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278087