https://www.taxtmi.com/caselaws?id=391302 The Tribunal dismissed the appeals related to disallowance under Section 35D and upheld the rejection of books and GP addition for the earlier years. However, it allowed the appeal for A.Y. 2006-07, directing the deletion of the GP addition and allowing the depreciation claim. The appeal by the Revenue was dismissed as it was wrongly listed for hearing. The decision underscores the importance of substantiating claims with evidence and the Tribunal's discretion in admitting additional grounds of appeal. en-us Mon, 20 Jan 2020 00:00:00 +0530 Thu, 23 Jan 2020 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391302 The Tribunal dismissed the appeals related to disallowance under Section 35D and upheld the rejection of books and GP addition for the earlier years. However, it allowed the appeal for A.Y. 2006-07, directing the deletion of the GP addition and allowing the depreciation claim. The appeal by the Revenue was dismissed as it was wrongly listed for hearing. The decision underscores the importance of substantiating claims with evidence and the Tribunal's discretion in admitting additional grounds of appeal. Case-Laws Income Tax Mon, 20 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391302