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2008 (3) TMI 44 - HC - Income Tax
Since there is defect has been pointed in the books of account, books of account can not be rejected merely on the ground that the assessee failed to produce the quantitative details - Moreover, the appellant’s income was 100% exempt and there could not have been any tax liability and higher income being declared. Thus, no purpose of the revenue has been served by making such additions. Keeping in view all these facts, additions as made by the AO deleted.