https://www.taxtmi.com/caselaws?id=415874 The Tribunal directed the Assessing Officer to delete the addition made based on the 8% profit estimate and accept the book results shown by the assessee, allowing the grounds of appeal raised by the assessee. The decision emphasized the importance of considering all relevant factors before rejecting books of accounts and making profit estimations, favoring the assessee and highlighting the need for a thorough assessment of financial records. en-us Mon, 22 Nov 2021 00:00:00 +0530 Thu, 16 Dec 2021 09:06:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415874 The Tribunal directed the Assessing Officer to delete the addition made based on the 8% profit estimate and accept the book results shown by the assessee, allowing the grounds of appeal raised by the assessee. The decision emphasized the importance of considering all relevant factors before rejecting books of accounts and making profit estimations, favoring the assessee and highlighting the need for a thorough assessment of financial records. Case-Laws Income Tax Mon, 22 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415874