https://www.taxtmi.com/caselaws?id=388673 The Tribunal dismissed the Revenue's appeals and the assessee's cross objections, upholding the CIT(A)'s decisions. The AO's rejection of the books of accounts based on lower yield was deemed unjustified, with the Tribunal highlighting insufficient evidence and lack of nexus between calculations and alleged suppression. The Tribunal also supported the adjustment of seized cash against tax liability, in line with the CIT(A)'s direction. en-us Thu, 07 Nov 2019 00:00:00 +0530 Wed, 20 Nov 2019 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388673 The Tribunal dismissed the Revenue's appeals and the assessee's cross objections, upholding the CIT(A)'s decisions. The AO's rejection of the books of accounts based on lower yield was deemed unjustified, with the Tribunal highlighting insufficient evidence and lack of nexus between calculations and alleged suppression. The Tribunal also supported the adjustment of seized cash against tax liability, in line with the CIT(A)'s direction. Case-Laws Income Tax Thu, 07 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388673