https://www.taxtmi.com/caselaws?id=285387 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 4,39,72,094/- as unexplained bank deposit under Section 68, accepting the evidence provided by the assessee. It also upheld the acceptance of books of accounts despite discrepancies with presumptive income under Section 44AD. The rejection of books of accounts under Section 145(3) was deemed unjustified, and the Tribunal accepted the net profit rate declared by the assessee. The Tribunal exempted the assessee from maintaining a stock register and proper bills/vouchers under Section 44AA, dismissing the appeal with no substantial question of law identified. en-us Tue, 10 Jul 2018 00:00:00 +0530 Thu, 09 Jan 2020 19:45:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285387 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 4,39,72,094/- as unexplained bank deposit under Section 68, accepting the evidence provided by the assessee. It also upheld the acceptance of books of accounts despite discrepancies with presumptive income under Section 44AD. The rejection of books of accounts under Section 145(3) was deemed unjustified, and the Tribunal accepted the net profit rate declared by the assessee. The Tribunal exempted the assessee from maintaining a stock register and proper bills/vouchers under Section 44AA, dismissing the appeal with no substantial question of law identified. Case-Laws Income Tax Tue, 10 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285387