https://www.taxtmi.com/caselaws?id=267265 The High Court upheld the rejection of books of account under Section 145(3) of the Income Tax Act, dismissing the appeal with no costs awarded. The rejection was based on discrepancies in the Gross Profit rate, additional income declaration, and failure to provide complete sales details, including purchaser information for cash transactions. The Court found sufficient material supporting the rejection, distinguishing a cited case where only the absence of purchaser details led to rejection. The decisions of the Commissioner and Tribunal were upheld, with no substantial question of law identified for consideration. en-us Tue, 20 Oct 2015 00:00:00 +0530 Mon, 02 Nov 2015 19:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267265 The High Court upheld the rejection of books of account under Section 145(3) of the Income Tax Act, dismissing the appeal with no costs awarded. The rejection was based on discrepancies in the Gross Profit rate, additional income declaration, and failure to provide complete sales details, including purchaser information for cash transactions. The Court found sufficient material supporting the rejection, distinguishing a cited case where only the absence of purchaser details led to rejection. The decisions of the Commissioner and Tribunal were upheld, with no substantial question of law identified for consideration. Case-Laws Income Tax Tue, 20 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267265