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2016 (6) TMI 1041 - GUJARAT HIGH COURTAddition on account of low gross profit - Held that:- As decided in assessee's own case for the assessment year 2001-2002 [2015 (1) TMI 615 - GUJARAT HIGH COURT] there were no discrepancies or defects pointed out in the books of account and further that they were regularly maintained and also on the finding that there was no material brought on record to establish that purchases or expenses were inflated or sales suppressed and also in view of the finding that this was not a case that there was no method of regular accounting employed, the Tribunal was fully justified in coming to the conclusion that the provisions of Section 145(2) could not be invoked. - Decided in favour of assessee
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