https://www.taxtmi.com/caselaws?id=421615 The tribunal upheld the rejection of the books of account under section 145(3) and the computation of income at 20%. It also affirmed the disallowance of rent payment amounting to Rs. 2,23,71,018, and the addition of Rs. 92,42,739 as deemed dividend under section 2(22)(e) of the IT Act. Additionally, the tribunal rejected the denial of set off and carry forward of brought forward losses from earlier years. The appeal of the assessee was dismissed entirely, with the tribunal supporting the decisions of the AO and CIT(A) on all contested issues. en-us Tue, 26 Apr 2022 00:00:00 +0530 Thu, 28 Apr 2022 08:14:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421615 The tribunal upheld the rejection of the books of account under section 145(3) and the computation of income at 20%. It also affirmed the disallowance of rent payment amounting to Rs. 2,23,71,018, and the addition of Rs. 92,42,739 as deemed dividend under section 2(22)(e) of the IT Act. Additionally, the tribunal rejected the denial of set off and carry forward of brought forward losses from earlier years. The appeal of the assessee was dismissed entirely, with the tribunal supporting the decisions of the AO and CIT(A) on all contested issues. Case-Laws Income Tax Tue, 26 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421615