https://www.taxtmi.com/caselaws?id=417986 The Orissa High Court, in a judgment by Chief Justice S. Muralidhar and Judge R. K. Pattanaik, ruled in favor of the Assessees in three consolidated appeals (ITA No.221, ITA No.222, and ITA No.223 of 2004) concerning the rejection of books of accounts based solely on the non-issuance of sale memos for the Assessment Year 1998-99. The Court found the rejection without concrete evidence unjustified, especially considering the acceptance of accounts by the Excise Department and the lack of irregularities or supporting material. The impugned orders of the Assessing Officer, Commissioner of Income Tax (Appeal), and Income Tax Appellate Tribunal were set aside, with the appeals allowed and no costs awarded. en-us Wed, 02 Feb 2022 00:00:00 +0530 Sat, 05 Feb 2022 08:26:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417986 The Orissa High Court, in a judgment by Chief Justice S. Muralidhar and Judge R. K. Pattanaik, ruled in favor of the Assessees in three consolidated appeals (ITA No.221, ITA No.222, and ITA No.223 of 2004) concerning the rejection of books of accounts based solely on the non-issuance of sale memos for the Assessment Year 1998-99. The Court found the rejection without concrete evidence unjustified, especially considering the acceptance of accounts by the Excise Department and the lack of irregularities or supporting material. The impugned orders of the Assessing Officer, Commissioner of Income Tax (Appeal), and Income Tax Appellate Tribunal were set aside, with the appeals allowed and no costs awarded. Case-Laws Income Tax Wed, 02 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417986