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2018 (12) TMI 884 - AT - Income TaxRejection of books of accounts - non-production of accounts - Held that:- Plea advanced on behalf of the assessee for defending non-production of accounts, as made before the authorities below, to our mind does not hold good. It is notable that the AO has demanded the production of accounts right from beginning of proceedings. Sufficient opportunities were given to the assessee and the assessee also appeared on some of the dates and filed part reply. No such fact of missing of accounts was unfolded by the assessee at any of the dates except the last date of hearing. Besides, the finding of Ld. CIT(A) as mentioned in his order “AO had also not pointed out any particular defect or discrepancy in the accounts books maintained by the assessee”, in our considered opinion, would have no locus standi once the assessee did not produce any books of accounts before the AO. Ld. CIT(A) is, therefore, not justified to accept the plea of the assessee regarding wrong rejection of books of accounts. - decided in favour of Revenue.
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