https://www.taxtmi.com/caselaws?id=237708 The court upheld the rejection of the appellant's books of account under section 145(3) of the Income-tax Act for the assessment year 2004-05. Despite challenges and explanations, all authorities affirmed the rejection due to deficiencies in maintaining proper records, including unverifiable purchases and lack of site-wise details. The court supported the estimation of profit based on industry averages and comparisons, dismissing the appeal as no substantial legal question arose, and affirming the rejection of books of account. en-us Tue, 25 Jun 2013 00:00:00 +0530 Thu, 06 Aug 2026 16:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237708 The court upheld the rejection of the appellant's books of account under section 145(3) of the Income-tax Act for the assessment year 2004-05. Despite challenges and explanations, all authorities affirmed the rejection due to deficiencies in maintaining proper records, including unverifiable purchases and lack of site-wise details. The court supported the estimation of profit based on industry averages and comparisons, dismissing the appeal as no substantial legal question arose, and affirming the rejection of books of account. Case-Laws Income Tax Tue, 25 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237708