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2017 (11) TMI 390 - HC - Income TaxTrading addition - defect pointed out by the Assessing Officer that the assessee had failed to produce details of stock despite have been provided repeated opportunities - assessee had changed its stand before the appellate authorities to explain the decline of GP & NP - rejection of books of accounts - Held that:- ITAT was justified in deleting the trading addition and in accepting the books of accounts of the assessee - Decided against revenue Disallowance in view of Section 36(1)(va) r.w.s. 2(24)(x) - Held that:- With regard to this question the same is now covered by the decision of this Court in Tax Appeal [2014 (5) TMI 222 - RAJASTHAN HIGH COURT] and the same will be subject to SLP pending before the Supreme Court, therefore, this issue is also not entertained subject to SLP.
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