https://www.taxtmi.com/caselaws?id=386287 The Tribunal dismissed both the Revenue's appeal and the assessee's Cross Objection. The Tribunal upheld the CIT(A)'s decisions to delete the additions made by the AO on account of low Gross Profit and power and fuel expenses, finding the AO's actions unjustified and unsupported by adequate evidence. The Tribunal emphasized the importance of proper rejection of books under Section 145(3) before making estimations or disallowances. en-us Wed, 19 Jun 2019 00:00:00 +0530 Thu, 26 Sep 2019 06:56:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386287 The Tribunal dismissed both the Revenue's appeal and the assessee's Cross Objection. The Tribunal upheld the CIT(A)'s decisions to delete the additions made by the AO on account of low Gross Profit and power and fuel expenses, finding the AO's actions unjustified and unsupported by adequate evidence. The Tribunal emphasized the importance of proper rejection of books under Section 145(3) before making estimations or disallowances. Case-Laws Income Tax Wed, 19 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386287