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2013 (6) TMI 155 - ITAT MUMBAILessor Gross profit - estimation of income - AO enhanced GP by rejecting the books of account invoking the provisions of section 145 - Held that:- as per the evidence produced before us, book results along with Audit Report and Tax Audit Report were before the AO. - AO referred to those book results to compare the preceding years' results with that of the current year. - order for rejection of books of account can not sustain - Decided against the revenue. Addition of Rs. 20,97,355/- - Held that:- AO did not give any finding on the decline in turnover and increase in the raw material cost. - there is nothing except for the reasons, as recorded by the AO with regard to unreliability on the books - Decided against the revenue.
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