https://www.taxtmi.com/caselaws?id=429389 The Tribunal upheld the decision of the ld. CIT(A) to delete the addition made by the AO and reject the rejection of the books of account. The Tribunal found the AO's methodology flawed and not based on scientific principles, agreeing with the assessee that yearly averages provided a more accurate picture. The appeals of the revenue for both AY 2009-10 and 2011-12 were dismissed. en-us Fri, 21 Oct 2022 00:00:00 +0530 Thu, 27 Oct 2022 07:49:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429389 The Tribunal upheld the decision of the ld. CIT(A) to delete the addition made by the AO and reject the rejection of the books of account. The Tribunal found the AO's methodology flawed and not based on scientific principles, agreeing with the assessee that yearly averages provided a more accurate picture. The appeals of the revenue for both AY 2009-10 and 2011-12 were dismissed. Case-Laws Income Tax Fri, 21 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429389