https://www.taxtmi.com/caselaws?id=388075 The Tribunal partly allowed the appeal, upholding the rejection of books of account due to discrepancies in gross profit and undisclosed income. The Tribunal estimated the average gross profit rate and income, emphasizing the importance of maintaining necessary registers for verification. The Tribunal considered the adjustments made by the CIT(A) to avoid double additions and justified the rejection of books due to non-compliance during remand proceedings. Ultimately, the Tribunal's decision favored the assessee based on fair estimation and compliance with accounting requirements. en-us Thu, 03 Oct 2019 00:00:00 +0530 Thu, 07 Nov 2019 08:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388075 The Tribunal partly allowed the appeal, upholding the rejection of books of account due to discrepancies in gross profit and undisclosed income. The Tribunal estimated the average gross profit rate and income, emphasizing the importance of maintaining necessary registers for verification. The Tribunal considered the adjustments made by the CIT(A) to avoid double additions and justified the rejection of books due to non-compliance during remand proceedings. Ultimately, the Tribunal's decision favored the assessee based on fair estimation and compliance with accounting requirements. Case-Laws Income Tax Thu, 03 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388075