https://www.taxtmi.com/highlights?id=54225 Rejection of books of account u/s 145(3) - non maintenance of stock register was not sufficient for exercising the power of rejecting the books of the assessee. - It is not unusual for businesses dealing in large number of small items and operating at a small or medium scale to do away with the maintenance of any stock register since it is not feasible maintaining movement of stock of every such item. Such businesses usually verify physically their stock at the end of the year - AT en-us Sat, 01 Aug 2020 11:29:50 +0530 Sat, 01 Aug 2020 11:29:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54225 Rejection of books of account u/s 145(3) - non maintenance of stock register was not sufficient for exercising the power of rejecting the books of the assessee. - It is not unusual for businesses dealing in large number of small items and operating at a small or medium scale to do away with the maintenance of any stock register since it is not feasible maintaining movement of stock of every such item. Such businesses usually verify physically their stock at the end of the year - AT Highlights Income Tax Sat, 01 Aug 2020 11:29:50 +0530 https://www.taxtmi.com/highlights?id=54225