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2010 (9) TMI 700 - ITAT AHMEDABADMethod of accounting - Rejection of book Result - assessee produced records before the Assessing Officer but he could not point out any defects and even he could not find that if unaccounted production and sales is there, then there should be corresponding unaccounted purchase also but there is no such finding - In the present case, the Assessing Officer has rejected the book results but found no defects in the books of accounts of the assessee - Sec. 145(1), or section 145(2), can be invoked only if and where the elements attracting either of those provisions are found to exist - Assessing Officer has rejected the book results of the assessee without pointing out any defect in the books and consequential estimation of profit by the Assessing Officer is without any basis - Decided in the favour of the assessee
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