https://www.taxtmi.com/caselaws?id=391872 The Tribunal allowed the appeal filed by the assessee, providing relief on all grounds. It held that there was no justifiable basis for the rejection of books of accounts under Section 145(3), deleted the trading addition, directed verification and setoff of interest on a loan, deleted disallowance of processing fees, directed accumulation of rent payments, set aside the addition of unexplained cash credit for verification, and deleted the disallowance of interest paid to partners. The Tribunal stressed the importance of proper verification and adherence to procedural requirements in making disallowances and additions. en-us Mon, 27 Jan 2020 00:00:00 +0530 Sat, 08 Feb 2020 07:45:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391872 The Tribunal allowed the appeal filed by the assessee, providing relief on all grounds. It held that there was no justifiable basis for the rejection of books of accounts under Section 145(3), deleted the trading addition, directed verification and setoff of interest on a loan, deleted disallowance of processing fees, directed accumulation of rent payments, set aside the addition of unexplained cash credit for verification, and deleted the disallowance of interest paid to partners. The Tribunal stressed the importance of proper verification and adherence to procedural requirements in making disallowances and additions. Case-Laws Income Tax Mon, 27 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391872