AO
rejected assessee’s books of accounts and made addition u/s 145(3). Both the
lower authorities observed that AO did not find any specific defects in the
books of accounts and had rejected the same merely on the basis of variation in
consumption of electricity. Hence, it was held that AO had committed an error
in rejecting the books and the addition was deleted. The said view was upheld
by the Hon’ble High Court.
[PRIYANKA
POLYSTER - TAX APPEAL NO.231 of 2012 - GHC]
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