https://www.taxtmi.com/caselaws?id=383458 The High Court upheld the decision of the ITAT, which found the rejection of the assessee's books of account and imposition of Gross Profit Rate justified. Despite the statutory auditor certifying the accuracy of the books, discrepancies led to the rejection by the Assessing Officer. The CIT (Appeals) favored the assessee, reconciling the discrepancies and emphasizing the lack of specific defects. The ITAT corrected errors, noting unreliable accounts and dismissing the assessee's claim of denial of opportunity. The High Court affirmed the ITAT's decision, rejecting the appeal based on factual findings. en-us Thu, 11 Jul 2019 00:00:00 +0530 Wed, 24 Jul 2019 09:11:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383458 The High Court upheld the decision of the ITAT, which found the rejection of the assessee's books of account and imposition of Gross Profit Rate justified. Despite the statutory auditor certifying the accuracy of the books, discrepancies led to the rejection by the Assessing Officer. The CIT (Appeals) favored the assessee, reconciling the discrepancies and emphasizing the lack of specific defects. The ITAT corrected errors, noting unreliable accounts and dismissing the assessee's claim of denial of opportunity. The High Court affirmed the ITAT's decision, rejecting the appeal based on factual findings. Case-Laws Income Tax Thu, 11 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383458