https://www.taxtmi.com/caselaws?id=415669 The appeal was allowed by ITAT, setting aside the order of ld CIT(A) and ld AO. ITAT found the rejection of books of account and estimation of profit based on net profit rate unjustified. The gross profit ratio from previous years was higher, and the supporting documents provided by the assessee were not adequately considered. ITAT emphasized the acceptance of one ground and ruled in favor of the assessee on 21/09/2021. en-us Tue, 21 Sep 2021 00:00:00 +0530 Fri, 10 Dec 2021 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415669 The appeal was allowed by ITAT, setting aside the order of ld CIT(A) and ld AO. ITAT found the rejection of books of account and estimation of profit based on net profit rate unjustified. The gross profit ratio from previous years was higher, and the supporting documents provided by the assessee were not adequately considered. ITAT emphasized the acceptance of one ground and ruled in favor of the assessee on 21/09/2021. Case-Laws Income Tax Tue, 21 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415669