https://www.taxtmi.com/caselaws?id=28696 The High Court upheld the Tribunal's decision regarding the application of the proviso to section 145(1) of the I.T. Act, supporting the rejection of book results due to inadequate accounting records. Additionally, the Court affirmed the Tribunal's finding that the business conducted under the name of M/s. Gopal Agencies was a benami business of the assessee-firm, leading to an income addition. The Court dismissed the application under section 256(2) of the I.T. Act, concluding that the Tribunal's findings were based on sufficient evidence, with no questions of law arising from the order. en-us Tue, 31 Mar 1981 00:00:00 +0530 Wed, 24 Feb 2010 18:43:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28696 The High Court upheld the Tribunal's decision regarding the application of the proviso to section 145(1) of the I.T. Act, supporting the rejection of book results due to inadequate accounting records. Additionally, the Court affirmed the Tribunal's finding that the business conducted under the name of M/s. Gopal Agencies was a benami business of the assessee-firm, leading to an income addition. The Court dismissed the application under section 256(2) of the I.T. Act, concluding that the Tribunal's findings were based on sufficient evidence, with no questions of law arising from the order. Case-Laws Income Tax Tue, 31 Mar 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28696