https://www.taxtmi.com/caselaws?id=10105 Material discrepancies in credit and debit entries, together with failure to maintain brandwise or qualitywise sales records, justified rejection of the books of account under section 145 of the Income-tax Act because the book results were not reliable. However, once the accounts were rejected and assessment proceeded on a best judgment basis, any enhancement of sales had to rest on a disclosed and reasoned foundation. The turnover estimate was therefore set aside for fresh determination after reasons were recorded and the assessee was given an opportunity of hearing. en-us Fri, 18 Jul 2003 00:00:00 +0530 Tue, 28 Oct 2025 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10105 Material discrepancies in credit and debit entries, together with failure to maintain brandwise or qualitywise sales records, justified rejection of the books of account under section 145 of the Income-tax Act because the book results were not reliable. However, once the accounts were rejected and assessment proceeded on a best judgment basis, any enhancement of sales had to rest on a disclosed and reasoned foundation. The turnover estimate was therefore set aside for fresh determination after reasons were recorded and the assessee was given an opportunity of hearing. Case-Laws Income Tax Fri, 18 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10105