https://www.taxtmi.com/forum/issue?id=2610 Whether books of account may be rejected depends on the overall factual matrix; the assessing officer may make additions only in respect of unverifiable or unsupported transactions and may apply a best judgment assessment limited to those items, while properly supported portions of the accounts remain examinable. Authorities have approved disallowance of particular expenditures lacking evidence rather than wholesale rejection of records. en-us Thu, 06 Jan 2011 15:21:31 +0530 Thu, 23 Jan 2025 15:58:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2610 Whether books of account may be rejected depends on the overall factual matrix; the assessing officer may make additions only in respect of unverifiable or unsupported transactions and may apply a best judgment assessment limited to those items, while properly supported portions of the accounts remain examinable. Authorities have approved disallowance of particular expenditures lacking evidence rather than wholesale rejection of records. Discussion-Forum Income Tax Thu, 06 Jan 2011 15:21:31 +0530 https://www.taxtmi.com/forum/issue?id=2610