The Tribunal held that the Assessing Officer had not brought any material on record to link the surrender to any other income earned by the assessee. Therefore, there was no infirmity in the order of the Commissioner (Appeals) in deciding this issue in favour of the assessee.( AY.2012-13)
Dy. CIT v. Varun Beverages Ltd. (2020) 79 ITR 133 ( Delhi) (Trib)
S. 145 : Method of accounting – Fall in net profit rate -No specific defects pointed out in the books of account – Remand report – Addition of higher rate of profit is held to be not justified .