https://www.taxtmi.com/caselaws?id=58414 The ITAT Bombay-B partially allowed the appeal, ruling in favor of the assessee on the assessment of gross profit and the enhancement of assessment issues. The tribunal found the addition to gross profit unjustified and deleted it, as there was no evidence of irregularities in the assessee's accounts. However, the tribunal upheld the ITO's decision on the adhoc disallowance of bad debts, emphasizing the lack of evidence provided by the assessee to support the claim. The AAC's decision to disallow the entire bad debts claim and enhance the assessment without affording a reasonable opportunity to the appellant were both deemed improper by the tribunal. en-us Thu, 15 Sep 1977 00:00:00 +0530 Sat, 18 Dec 2010 18:37:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58414 The ITAT Bombay-B partially allowed the appeal, ruling in favor of the assessee on the assessment of gross profit and the enhancement of assessment issues. The tribunal found the addition to gross profit unjustified and deleted it, as there was no evidence of irregularities in the assessee's accounts. However, the tribunal upheld the ITO's decision on the adhoc disallowance of bad debts, emphasizing the lack of evidence provided by the assessee to support the claim. The AAC's decision to disallow the entire bad debts claim and enhance the assessment without affording a reasonable opportunity to the appellant were both deemed improper by the tribunal. Case-Laws Income Tax Thu, 15 Sep 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58414