https://www.taxtmi.com/caselaws?id=57299 The Tribunal set aside the CIT(A)'s order, allowing the assessee's appeal by determining that the rejection of the books of account and subsequent income additions were unjustified. It emphasized that the audited accounts were provided without material defects, underscoring the necessity for assessing officers to substantiate estimations and income additions with valid reasons. en-us Wed, 25 Jun 2003 00:00:00 +0530 Wed, 17 Jul 2024 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57299 The Tribunal set aside the CIT(A)'s order, allowing the assessee's appeal by determining that the rejection of the books of account and subsequent income additions were unjustified. It emphasized that the audited accounts were provided without material defects, underscoring the necessity for assessing officers to substantiate estimations and income additions with valid reasons. Case-Laws Income Tax Wed, 25 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57299