https://www.taxtmi.com/caselaws?id=291738 The ITAT upheld the CIT(A)'s decision to set aside the rejection of books of account and delete the additions made by the Assessing officer on an estimation basis. The ITAT emphasized consistency in assessments and relied on a committee's report recommending acceptance of book results within a 15% variation in electricity consumption. Previous Tribunal decisions with similar issues supported the CIT(A)'s directive to accept book results, leading to the dismissal of the Revenue's appeal. en-us Tue, 06 Aug 2019 00:00:00 +0530 Tue, 24 Nov 2020 09:38:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291738 The ITAT upheld the CIT(A)'s decision to set aside the rejection of books of account and delete the additions made by the Assessing officer on an estimation basis. The ITAT emphasized consistency in assessments and relied on a committee's report recommending acceptance of book results within a 15% variation in electricity consumption. Previous Tribunal decisions with similar issues supported the CIT(A)'s directive to accept book results, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Tue, 06 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291738