https://www.taxtmi.com/caselaws?id=285890 The Tribunal upheld the rejection of the books of account but deleted the trading addition, noting the better net profit rate declared by the assessee compared to previous years. It also deleted additions made on account of excess agriculture income and unexplained cash deposits, except for a sustained addition on cash deposit in Axis Bank, Kota. The Tribunal partially allowed the Revenue's appeal and the assessee's cross-objection, emphasizing the significance of consistent record-keeping and reasonable profit estimation based on historical data. en-us Tue, 30 Apr 2019 00:00:00 +0530 Sat, 01 Feb 2020 07:13:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285890 The Tribunal upheld the rejection of the books of account but deleted the trading addition, noting the better net profit rate declared by the assessee compared to previous years. It also deleted additions made on account of excess agriculture income and unexplained cash deposits, except for a sustained addition on cash deposit in Axis Bank, Kota. The Tribunal partially allowed the Revenue's appeal and the assessee's cross-objection, emphasizing the significance of consistent record-keeping and reasonable profit estimation based on historical data. Case-Laws Income Tax Tue, 30 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285890