https://www.taxtmi.com/caselaws?id=791482 ITAT Agra held that books could not be partially rejected or income estimated merely by treating transactions with Hardiyal Milk Products Pvt. Ltd. as accommodation entries, because no cogent defects in the accounts were shown and the milk-processing business model, together with evidence of the counterparty's plant, supported genuineness; the related addition was deleted. It also held that tanker running expenses, being incidental to the milk business, could not be fully disallowed where the record called for a fair overall profit estimation rather than a separate expense disallowance; no separate addition survived on this account. The returned income was directed to be accepted. en-us Mon, 20 Apr 2026 00:00:00 +0530 Tue, 12 May 2026 08:50:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791482 ITAT Agra held that books could not be partially rejected or income estimated merely by treating transactions with Hardiyal Milk Products Pvt. Ltd. as accommodation entries, because no cogent defects in the accounts were shown and the milk-processing business model, together with evidence of the counterparty's plant, supported genuineness; the related addition was deleted. It also held that tanker running expenses, being incidental to the milk business, could not be fully disallowed where the record called for a fair overall profit estimation rather than a separate expense disallowance; no separate addition survived on this account. The returned income was directed to be accepted. Case-Laws Income Tax Mon, 20 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791482