https://www.taxtmi.com/caselaws?id=403784 The Tribunal allowed the appeal in favor of the assessee, concluding that the addition of Rs. 21,99,341 on account of Gross Profit was unjustified. The rejection of books of accounts under Section 145(3) and the application of Section 144 for best judgment assessment were also deemed unwarranted. The Tribunal found that the assessee's books were properly maintained, audited, and showed improved trading results compared to previous years, leading to the deletion of the additional amount and ruling in favor of the assessee. en-us Tue, 02 Feb 2021 00:00:00 +0530 Mon, 08 Feb 2021 15:01:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403784 The Tribunal allowed the appeal in favor of the assessee, concluding that the addition of Rs. 21,99,341 on account of Gross Profit was unjustified. The rejection of books of accounts under Section 145(3) and the application of Section 144 for best judgment assessment were also deemed unwarranted. The Tribunal found that the assessee's books were properly maintained, audited, and showed improved trading results compared to previous years, leading to the deletion of the additional amount and ruling in favor of the assessee. Case-Laws Income Tax Tue, 02 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403784