https://www.taxtmi.com/caselaws?id=402640 The Tribunal upheld the reassessment proceedings, rejection of books of accounts, and additions related to bogus purchases and commission. However, it directed the AO to recalculate the deduction under Section 10AA, considering the trading addition, in accordance with the CBDT Circular and previous case law. The remaining grounds of appeal were dismissed, and the appeal was disposed of with these directions. en-us Tue, 05 Jan 2021 00:00:00 +0530 Fri, 08 Jan 2021 10:20:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402640 The Tribunal upheld the reassessment proceedings, rejection of books of accounts, and additions related to bogus purchases and commission. However, it directed the AO to recalculate the deduction under Section 10AA, considering the trading addition, in accordance with the CBDT Circular and previous case law. The remaining grounds of appeal were dismissed, and the appeal was disposed of with these directions. Case-Laws Income Tax Tue, 05 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402640