Books of account - Reopening of an assessment

[Dharmender Batra]

Is there any rule/case law that unless there is flaw in books of accounts, the case cannot be reopened or reassessed. If it is there please give its reference.

AI Summary

Assessing Officer Can Reassess Accounts Under Sections 145(3) and 144 if Accounting Standards Aren't Met. A query was raised regarding whether an assessment can be reopened or reassessed without flaws in the books of account. The response provided referenced sections 145(3) and 144 of the Income Tax Act. It explained that if the Assessing Officer is not satisfied with the correctness or completeness of the accounts, or if the prescribed accounting methods or standards are not followed, the officer may assess the case under section 144.