https://www.taxtmi.com/caselaws?id=398788 The Tribunal allowed the appeal of the assessee, directing the A.O. to delete the ad hoc disallowance of Rs. 10.00 lacs upheld by the CIT(A). The Tribunal emphasized the reasonableness of the declared net profit rate and the proper maintenance of books of account, which did not justify any further trading additions. en-us Tue, 18 Aug 2020 00:00:00 +0530 Thu, 24 Sep 2020 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398788 The Tribunal allowed the appeal of the assessee, directing the A.O. to delete the ad hoc disallowance of Rs. 10.00 lacs upheld by the CIT(A). The Tribunal emphasized the reasonableness of the declared net profit rate and the proper maintenance of books of account, which did not justify any further trading additions. Case-Laws Income Tax Tue, 18 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398788