https://www.taxtmi.com/caselaws?id=384173 The High Court upheld the ITAT's decision to dismiss the Revenue's appeal regarding the rejection of the Assessee's books of account by the Assessing Officer. The Court found that the AO did not properly examine comparable units and failed to demonstrate how the Assessee inflated profits or assets to claim excess deduction under Section 80IC. The Court emphasized the importance of following proper accounting principles and concluded that no substantial question of law arose, leading to the dismissal of the appeal. en-us Wed, 24 Jul 2019 00:00:00 +0530 Tue, 06 Aug 2019 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384173 The High Court upheld the ITAT's decision to dismiss the Revenue's appeal regarding the rejection of the Assessee's books of account by the Assessing Officer. The Court found that the AO did not properly examine comparable units and failed to demonstrate how the Assessee inflated profits or assets to claim excess deduction under Section 80IC. The Court emphasized the importance of following proper accounting principles and concluded that no substantial question of law arose, leading to the dismissal of the appeal. Case-Laws Income Tax Wed, 24 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384173