https://www.taxtmi.com/highlights?id=52151 Rejection of books of accounts u/s 145 (3) - AO by recklessly rejecting the books of account proceeded to estimate the income by applying profit @ 5% of the gross receipt which much less than the income for which the assessee company has already assessed (before depreciation). - CIT (A) has rightly and validly accepted the books of account and set aside the estimation of gross profit @ 5% - AT en-us Thu, 05 Mar 2020 12:40:35 +0530 Thu, 05 Mar 2020 12:40:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=52151 Rejection of books of accounts u/s 145 (3) - AO by recklessly rejecting the books of account proceeded to estimate the income by applying profit @ 5% of the gross receipt which much less than the income for which the assessee company has already assessed (before depreciation). - CIT (A) has rightly and validly accepted the books of account and set aside the estimation of gross profit @ 5% - AT Highlights Income Tax Thu, 05 Mar 2020 12:40:35 +0530 https://www.taxtmi.com/highlights?id=52151