https://www.taxtmi.com/caselaws?id=282202 The Tribunal dismissed the Revenue's appeals for Assessment Years 2012-13 and 2013-14, upholding the deletion of a significant portion of the addition made for excess burning loss and confirming the method used to calculate the Gross Profit (GP) addition. The rejection of the books of account was upheld, but the Tribunal deemed the AO's addition excessive and unsustainable. The Tribunal affirmed the CIT(A)'s decision, resulting in the dismissal of both the appeals and cross objections. en-us Wed, 23 Jan 2019 00:00:00 +0530 Fri, 26 Jul 2019 08:20:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282202 The Tribunal dismissed the Revenue's appeals for Assessment Years 2012-13 and 2013-14, upholding the deletion of a significant portion of the addition made for excess burning loss and confirming the method used to calculate the Gross Profit (GP) addition. The rejection of the books of account was upheld, but the Tribunal deemed the AO's addition excessive and unsustainable. The Tribunal affirmed the CIT(A)'s decision, resulting in the dismissal of both the appeals and cross objections. Case-Laws Income Tax Wed, 23 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282202