https://www.taxtmi.com/caselaws?id=387693 The tribunal upheld the ld. Pr. CIT's intervention under Section 263, finding the AO's actions erroneous and prejudicial to Revenue. The appeal was dismissed, affirming the rejection of books of accounts under Section 145(3) and estimation of profits. Issues regarding potential violations of Section 40A(3), addition in partner capital accounts, loans to Joint Venture, unsecured loans, and reflection of individual partner's bank accounts were also highlighted for further examination. The order was pronounced on 25/10/2019 in Open Court. en-us Fri, 25 Oct 2019 00:00:00 +0530 Tue, 29 Oct 2019 19:56:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387693 The tribunal upheld the ld. Pr. CIT's intervention under Section 263, finding the AO's actions erroneous and prejudicial to Revenue. The appeal was dismissed, affirming the rejection of books of accounts under Section 145(3) and estimation of profits. Issues regarding potential violations of Section 40A(3), addition in partner capital accounts, loans to Joint Venture, unsecured loans, and reflection of individual partner's bank accounts were also highlighted for further examination. The order was pronounced on 25/10/2019 in Open Court. Case-Laws Income Tax Fri, 25 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387693