https://www.taxtmi.com/caselaws?id=397379 The Tribunal allowed the appeals of the assessee for both AYs 2013-14 and 2014-15. The rejection of books of accounts under Section 145(3) was deemed unjustified as comprehensive records were maintained. The estimation of income at 8% was found unreasonable, and the disallowance of expenses related to late deposit of employee contribution to EPF was overturned. The Tribunal directed the AO to accept the books of accounts and the declared income of the assessee. en-us Tue, 11 Aug 2020 00:00:00 +0530 Mon, 17 Aug 2020 11:30:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397379 The Tribunal allowed the appeals of the assessee for both AYs 2013-14 and 2014-15. The rejection of books of accounts under Section 145(3) was deemed unjustified as comprehensive records were maintained. The estimation of income at 8% was found unreasonable, and the disallowance of expenses related to late deposit of employee contribution to EPF was overturned. The Tribunal directed the AO to accept the books of accounts and the declared income of the assessee. Case-Laws Income Tax Tue, 11 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397379