https://www.taxtmi.com/caselaws?id=388401 The tribunal upheld the reassessment order under Section 147, confirming eligibility for deduction under Section 10AA but rejecting books of accounts and making additions under Section 69C. The rejection of books under Section 145(3) and additions under Section 69C related to purchases from M/s Karishma Diamonds Pvt. Ltd. were upheld. The tribunal directed the AO to recompute the deduction under Section 10AA considering the addition of Rs. 2,80,500. The appeal succeeded on the disallowance of employees' PF contribution and treatment of freight, clearing, and insurance charges, while other grounds were dismissed. en-us Mon, 04 Nov 2019 00:00:00 +0530 Thu, 14 Nov 2019 18:00:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388401 The tribunal upheld the reassessment order under Section 147, confirming eligibility for deduction under Section 10AA but rejecting books of accounts and making additions under Section 69C. The rejection of books under Section 145(3) and additions under Section 69C related to purchases from M/s Karishma Diamonds Pvt. Ltd. were upheld. The tribunal directed the AO to recompute the deduction under Section 10AA considering the addition of Rs. 2,80,500. The appeal succeeded on the disallowance of employees' PF contribution and treatment of freight, clearing, and insurance charges, while other grounds were dismissed. Case-Laws Income Tax Mon, 04 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388401