https://www.taxtmi.com/caselaws?id=283152 The Tribunal upheld the CIT(A)'s decision, concluding that the Assessing Officer's invocation of section 145 was unjustified as no specific defects were found in the books of accounts, and the assessee had provided satisfactory explanations. The comparison of Gross Profit was deemed inappropriate, considering the nature of the assessee's business. The onus on the assessee to produce parties for verification was found to be unfounded without the AO summoning the parties. The revenue's appeal was dismissed. en-us Fri, 14 May 2010 00:00:00 +0530 Tue, 10 Sep 2019 14:16:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283152 The Tribunal upheld the CIT(A)'s decision, concluding that the Assessing Officer's invocation of section 145 was unjustified as no specific defects were found in the books of accounts, and the assessee had provided satisfactory explanations. The comparison of Gross Profit was deemed inappropriate, considering the nature of the assessee's business. The onus on the assessee to produce parties for verification was found to be unfounded without the AO summoning the parties. The revenue's appeal was dismissed. Case-Laws Income Tax Fri, 14 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283152