https://www.taxtmi.com/caselaws?id=333326 The ITAT Jaipur upheld the CIT(A)'s decision, ruling that the Assessing Officer's objections did not warrant the rejection of books under Section 145(3) of the Income Tax Act. The complexity of the manufacturing processes was considered, leading to the dismissal of the revenue's appeal. The case revolved around issues such as the rejection of books, non-maintenance of stock register, impact on GP rate, and the application of Section 145(3) in determining the ad hoc addition. The ITAT's decision favored the assessee, emphasizing the impracticality of detailed stock registers in light of the diverse manufacturing operations. en-us Mon, 30 May 2016 00:00:00 +0530 Mon, 10 Oct 2016 13:21:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333326 The ITAT Jaipur upheld the CIT(A)'s decision, ruling that the Assessing Officer's objections did not warrant the rejection of books under Section 145(3) of the Income Tax Act. The complexity of the manufacturing processes was considered, leading to the dismissal of the revenue's appeal. The case revolved around issues such as the rejection of books, non-maintenance of stock register, impact on GP rate, and the application of Section 145(3) in determining the ad hoc addition. The ITAT's decision favored the assessee, emphasizing the impracticality of detailed stock registers in light of the diverse manufacturing operations. Case-Laws Income Tax Mon, 30 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333326