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2013 (12) TMI 552 - HC - Income TaxPower to reject books of accounts u/s 145 - Held that:- The assessee filed its return of income in response to notice u/s 148 - The AO as well as CIT(A) made addition on the basis of estimate - The Tribunal is a final fact finding authority - The Tribunal reduced the addition being made on estimate - The AO should first point out the defect in bokks of accounts and reject them rather making an addition on adhoc basis - Decided against Revenue.
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