https://www.taxtmi.com/caselaws?id=281498 The appeal under Section 260A of the Income Tax Act, 1961 challenging the order of the Income Tax Appellate Tribunal for Assessment Year 2007-08 was considered. The Tribunal upheld the Commissioner of Income Tax (Appeals) decision that there was no basis to reject the books of account. The Revenue's contention regarding the disallowance of a certain amount was disproved when it was revealed that the Assessee had already disallowed the sum while computing taxable income. The Appeal was allowed in favor of the Revenue, appreciating the Assessee's fair conduct. No costs were imposed. en-us Wed, 04 Jul 2018 00:00:00 +0530 Thu, 20 Jun 2019 22:06:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281498 The appeal under Section 260A of the Income Tax Act, 1961 challenging the order of the Income Tax Appellate Tribunal for Assessment Year 2007-08 was considered. The Tribunal upheld the Commissioner of Income Tax (Appeals) decision that there was no basis to reject the books of account. The Revenue's contention regarding the disallowance of a certain amount was disproved when it was revealed that the Assessee had already disallowed the sum while computing taxable income. The Appeal was allowed in favor of the Revenue, appreciating the Assessee's fair conduct. No costs were imposed. Case-Laws Income Tax Wed, 04 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281498