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2016 (11) TMI 802 - RAJASTHAN HIGH COURTRejection of books of accounts - Held that:- We are of the opinion that the books of accounts ought not have been rejected by the Assessing Officer. We are in complete agreement with the view taken by the CIT (Appeals) and the books of accounts have been rejected on the ground of variation of production and he has not found any irregularity in the books of accounts by way of remittance of any amount or any expenses or any material which has been found by the AO during assessment. Taking into account the provisions of Section 145(2) of the Income Tax Act, the issues are required to be answered in favour of the assessee. Therefore, we are of the opinion that the view taken by the Tribunal is required to be reverted and the view taken by the CIT (Appeals) is required to be restored. - Decided in favour of the assessee
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