https://www.taxtmi.com/caselaws?id=409511 The Court dismissed the appeal filed by the Principal Commissioner of Income Tax challenging the ITAT's order regarding the addition made on account of excess consumption of raw material and rejection of Books of Accounts by the Assessing Officer for the Assessment Year 1999-2000. The Court found no merit in the appellant's arguments, as both the ITAT and CIT (Appeals) had concurred that the addition was unjustified and there were no defects in the Books of Accounts. Since no substantial question of law was raised, the Court upheld the lower authorities' decisions, dismissing the appeal for lack of merit. en-us Tue, 06 Jul 2021 00:00:00 +0530 Fri, 22 Oct 2021 15:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409511 The Court dismissed the appeal filed by the Principal Commissioner of Income Tax challenging the ITAT's order regarding the addition made on account of excess consumption of raw material and rejection of Books of Accounts by the Assessing Officer for the Assessment Year 1999-2000. The Court found no merit in the appellant's arguments, as both the ITAT and CIT (Appeals) had concurred that the addition was unjustified and there were no defects in the Books of Accounts. Since no substantial question of law was raised, the Court upheld the lower authorities' decisions, dismissing the appeal for lack of merit. Case-Laws Income Tax Tue, 06 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409511