https://www.taxtmi.com/caselaws?id=374418 The Tribunal allowed the appeal, overturning the disallowances and enhancements made by the assessing officer and upheld by the Ld. CIT(A). The Tribunal found that the assessee had filed the audited balance sheet and audit report, certifying the books of account and trading results. The additions lacked a valid basis due to the availability of audited accounts and detailed explanations provided by the assessee, leading to the favorable outcome for the assessee in the income tax assessment. en-us Mon, 28 Jan 2019 00:00:00 +0530 Fri, 01 Feb 2019 07:30:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374418 The Tribunal allowed the appeal, overturning the disallowances and enhancements made by the assessing officer and upheld by the Ld. CIT(A). The Tribunal found that the assessee had filed the audited balance sheet and audit report, certifying the books of account and trading results. The additions lacked a valid basis due to the availability of audited accounts and detailed explanations provided by the assessee, leading to the favorable outcome for the assessee in the income tax assessment. Case-Laws Income Tax Mon, 28 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374418