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2014 (5) TMI 587 - CALCUTTA HIGH COURTDisallowance of Expenses - Books of account – Actual state of affairs – Held that:- Merely recording the contention is not enough - The CIT (A) should have discussed the evidence which was sought to be relied upon by the assessee - The question of disallowing any expenditure will arise in case the books of account are believed, but any particular entry in that account is not believed – the AO had evidently made the best judgment assessment after rejecting the books of accounts of the assessee – the matter is required to be remitted back to the AO for adjudication – Decided in favor of Revenue.
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