https://www.taxtmi.com/caselaws?id=442848 The Tribunal allowed the appeal, vacating the addition of Rs. 80,48,367/- and rejecting the AO's and CIT(A)'s findings on the alleged bogus purchases and the rejection of books of accounts under Section 145(3). The Tribunal emphasized that the profit declared by the assessee was higher than the industry norms and that the books of accounts were not found defective. en-us Tue, 18 Jul 2023 00:00:00 +0530 Tue, 12 Sep 2023 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442848 The Tribunal allowed the appeal, vacating the addition of Rs. 80,48,367/- and rejecting the AO's and CIT(A)'s findings on the alleged bogus purchases and the rejection of books of accounts under Section 145(3). The Tribunal emphasized that the profit declared by the assessee was higher than the industry norms and that the books of accounts were not found defective. Case-Laws Income Tax Tue, 18 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442848