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2014 (3) TMI 1031 - ITAT MUMBAIDetermination based on the books of accounts - whether the rejection of books of account is proper? - Held that:- Held that:-Findings of the Tribunal in the case of Hitesh Mehta [2014 (7) TMI 836 - ITAT MUMBAI] deserves to be followed. The matter should go back to the file of the AO to pass a fresh order, for rejecting the books of account, the AO has not given any valid reasons as no specific defect has been pointed out in. the books of account, the AO should go through the books for determining the income on the basis of books accounts – AO has to bring on record specific evidence or defect to prove falsity of books of account as no falsity has been proved in the assessment order passed by the AO – revenue has to provide all the details and material on which basis the addition have been made earlier - the AO is directed to provide the copies of all information on which basis, the AO wanted to made additions in the hands of the assessee and the matter is remitted back to the AO for fresh adjudication – Decided in favour of Assessee for statistical purposes.
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