https://www.taxtmi.com/caselaws?id=166366 Non-production of books of account at the time of survey does not, by itself, justify rejection of the books unless mala fides or other substantive defects are shown. Where the books were later produced and no reasoned basis was recorded for disbelieving them, adverse inference could not be drawn merely from the survey circumstances. The rejection of the books was therefore unsustainable, and the assessee was entitled to acceptance of the books and a de novo assessment. en-us Wed, 20 Apr 2011 00:00:00 +0530 Fri, 19 Sep 2014 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166366 Non-production of books of account at the time of survey does not, by itself, justify rejection of the books unless mala fides or other substantive defects are shown. Where the books were later produced and no reasoned basis was recorded for disbelieving them, adverse inference could not be drawn merely from the survey circumstances. The rejection of the books was therefore unsustainable, and the assessee was entitled to acceptance of the books and a de novo assessment. Case-Laws VAT and Sales Tax Wed, 20 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166366