https://www.taxtmi.com/caselaws?id=436341 The Tribunal partially allowed the appeal, remitting certain issues back to the Assessing Officer for further examination. The rejection of books of accounts under section 145(3) was upheld due to discrepancies, including unaccounted stock and cash. The addition for unverifiable purchases was reduced based on the profit element principle. The issue of unexplained cash credits under section 68 was sent back to provide relevant documents for verification of identity and genuineness. en-us Wed, 22 Feb 2023 00:00:00 +0530 Tue, 11 Apr 2023 09:11:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436341 The Tribunal partially allowed the appeal, remitting certain issues back to the Assessing Officer for further examination. The rejection of books of accounts under section 145(3) was upheld due to discrepancies, including unaccounted stock and cash. The addition for unverifiable purchases was reduced based on the profit element principle. The issue of unexplained cash credits under section 68 was sent back to provide relevant documents for verification of identity and genuineness. Case-Laws Income Tax Wed, 22 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436341