https://www.taxtmi.com/caselaws?id=752179 The HC upheld the Tribunal and CIT(A), dismissing the revenue's appeal and ruling that the Assessing Officer erred in rejecting the assessee's books and enhancing gross profit. The CIT(A) had examined vouchers for cash expenses and found them vouched except for two items, and the Tribunal correctly treated the ad hoc consignment-sale disallowance as academic. With the books accepted and no material showing perversity, the HC confirmed the Tribunal's refusal to increase gross profit; appeal decided against the revenue. en-us Tue, 30 Apr 2024 00:00:00 +0530 Sat, 20 Sep 2025 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752179 The HC upheld the Tribunal and CIT(A), dismissing the revenue's appeal and ruling that the Assessing Officer erred in rejecting the assessee's books and enhancing gross profit. The CIT(A) had examined vouchers for cash expenses and found them vouched except for two items, and the Tribunal correctly treated the ad hoc consignment-sale disallowance as academic. With the books accepted and no material showing perversity, the HC confirmed the Tribunal's refusal to increase gross profit; appeal decided against the revenue. Case-Laws Income Tax Tue, 30 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752179