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2015 (6) TMI 1186 - AT - Income TaxRejection of books of accounts - GP addition - CIT-A held that both the books of accounts could not be rejected and consequently the GP could not be estimated and GP addition made @ 2.5% is hereby deleted - ad-hoc disallowance restricted by CIT-A - HELD THAT:- CIT (A) has rightly adjudicated the issue relating to the GP addition as well as the restricting the ad-hoc disallowance. In our considering opinion, since there is no infirmity in the order of the CIT (A) and the decision taken by the CIT (A) is fair and reasonable, therefore, it does not call for any interference. Accordingly, on this Ground assessee succeeds.
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