https://www.taxtmi.com/caselaws?id=461903 Legal Case Summary:SC reviewed income tax assessment challenges involving survey proceedings under section 133A. The court deleted additions of Rs. 2,01,350 (excess stock), Rs. 1,80,000 (excess cash), and Rs. 50,000 (low profit margin) made by tax authorities. The key ruling emphasized that survey statements alone cannot override unrejected books of account, and tax assessments must consider full financial year's records without arbitrary period comparisons. en-us Mon, 11 Oct 2021 00:00:00 +0530 Wed, 07 May 2025 18:58:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461903 Legal Case Summary:SC reviewed income tax assessment challenges involving survey proceedings under section 133A. The court deleted additions of Rs. 2,01,350 (excess stock), Rs. 1,80,000 (excess cash), and Rs. 50,000 (low profit margin) made by tax authorities. The key ruling emphasized that survey statements alone cannot override unrejected books of account, and tax assessments must consider full financial year's records without arbitrary period comparisons. Case-Laws Income Tax Mon, 11 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461903