https://www.taxtmi.com/caselaws?id=393324 The Tribunal upheld the CIT(A)'s order in a tax case, dismissing both the assessee's and the revenue's appeals. The Tribunal found that the CIT(A) had thoroughly examined the matter and that the AO had not provided specific reasons for rejecting the books of accounts or explaining the fall in the net profit ratio. The Tribunal also noted that there were no discrepancies found in the books during remand proceedings, leading to the decision being consistent with a similar case involving the assessee's sister concern. en-us Tue, 25 Feb 2020 00:00:00 +0530 Thu, 12 Mar 2020 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393324 The Tribunal upheld the CIT(A)'s order in a tax case, dismissing both the assessee's and the revenue's appeals. The Tribunal found that the CIT(A) had thoroughly examined the matter and that the AO had not provided specific reasons for rejecting the books of accounts or explaining the fall in the net profit ratio. The Tribunal also noted that there were no discrepancies found in the books during remand proceedings, leading to the decision being consistent with a similar case involving the assessee's sister concern. Case-Laws Income Tax Tue, 25 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393324