https://www.taxtmi.com/caselaws?id=424610 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal. The additions made by the AO on account of gross profit and deemed dividend were deleted. The rejection of books of accounts under section 145(3) was deemed unjustified as the Tribunal found that the explanations and records provided adequately accounted for the expenses in question. en-us Mon, 27 Jun 2022 00:00:00 +0530 Tue, 05 Jul 2022 08:16:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424610 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal. The additions made by the AO on account of gross profit and deemed dividend were deleted. The rejection of books of accounts under section 145(3) was deemed unjustified as the Tribunal found that the explanations and records provided adequately accounted for the expenses in question. Case-Laws Income Tax Mon, 27 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424610