https://www.taxtmi.com/caselaws?id=777937 ITAT KOLKATA - AT allowed the appeal, holding that the AO's rejection of books and imposition of a 10% addition on gross receipts for a business dealing in purchase and sale of liquor was unsupported by comparable cases and rested on conjecture. The tribunal found the CIT(A) erred in upholding that addition, set aside the CIT(A) order, and directed the AO to delete the addition, allowing the assessee's appeal. en-us Wed, 15 Jan 2025 00:00:00 +0530 Mon, 08 Sep 2025 13:37:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777937 ITAT KOLKATA - AT allowed the appeal, holding that the AO's rejection of books and imposition of a 10% addition on gross receipts for a business dealing in purchase and sale of liquor was unsupported by comparable cases and rested on conjecture. The tribunal found the CIT(A) erred in upholding that addition, set aside the CIT(A) order, and directed the AO to delete the addition, allowing the assessee's appeal. Case-Laws Income Tax Wed, 15 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777937