https://www.taxtmi.com/caselaws?id=26958 Books of account cannot be rejected under section 145(2) merely on suspicion, comparative cost concerns, or doubts about contractor arrangements unless specific defects, omissions, or unreliability are shown. Estimated additions based on wrongly discarded books and surmise are not legally sustainable without a lawful basis and material nexus. A finding that contractors were benamidars requires proof from the Department, and disbelief alone is insufficient. Penalty under section 271(1)(c) requires positive material of deliberate concealment or inaccurate particulars; an estimate-based addition by itself does not attract penalty. en-us Tue, 27 Nov 1984 00:00:00 +0530 Tue, 09 Feb 2010 15:55:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26958 Books of account cannot be rejected under section 145(2) merely on suspicion, comparative cost concerns, or doubts about contractor arrangements unless specific defects, omissions, or unreliability are shown. Estimated additions based on wrongly discarded books and surmise are not legally sustainable without a lawful basis and material nexus. A finding that contractors were benamidars requires proof from the Department, and disbelief alone is insufficient. Penalty under section 271(1)(c) requires positive material of deliberate concealment or inaccurate particulars; an estimate-based addition by itself does not attract penalty. Case-Laws Income Tax Tue, 27 Nov 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26958