https://www.taxtmi.com/caselaws?id=386502 The Tribunal dismissed the appeal, upholding its decisions on both issues raised by the Revenue. The rejection of books under Section 145(3) was deemed unjustified as no defects were found, and the best judgment assessment was considered premature. Additionally, the deletion of the addition made by the CIT(A) regarding the understatement of sales value was upheld due to lack of sufficient evidence and legal basis for the reassessment. Consequently, no substantial question of law arose, leading to the dismissal of the appeal. en-us Mon, 09 Sep 2019 00:00:00 +0530 Thu, 06 Aug 2026 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386502 The Tribunal dismissed the appeal, upholding its decisions on both issues raised by the Revenue. The rejection of books under Section 145(3) was deemed unjustified as no defects were found, and the best judgment assessment was considered premature. Additionally, the deletion of the addition made by the CIT(A) regarding the understatement of sales value was upheld due to lack of sufficient evidence and legal basis for the reassessment. Consequently, no substantial question of law arose, leading to the dismissal of the appeal. Case-Laws Income Tax Mon, 09 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386502