https://www.taxtmi.com/caselaws?id=28562 Accounts cannot be rejected when the Tribunal relies on irrelevant or non-existent facts and ignores material evidence, including statutory checks relevant to account reliability. The Madhya Pradesh High Court noted that the assessee's books were subject to mining and coal regulation safeguards, which were not considered, and that assumptions about payments to contractors were unsupported. On that basis, rejection of the books was legally unsustainable and had to be reconsidered on all relevant facts. Because the additions were consequential to the invalid rejection of accounts, they also could not stand and required fresh examination by the Tribunal. en-us Tue, 09 Feb 1982 00:00:00 +0530 Tue, 23 Feb 2010 16:10:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28562 Accounts cannot be rejected when the Tribunal relies on irrelevant or non-existent facts and ignores material evidence, including statutory checks relevant to account reliability. The Madhya Pradesh High Court noted that the assessee's books were subject to mining and coal regulation safeguards, which were not considered, and that assumptions about payments to contractors were unsupported. On that basis, rejection of the books was legally unsustainable and had to be reconsidered on all relevant facts. Because the additions were consequential to the invalid rejection of accounts, they also could not stand and required fresh examination by the Tribunal. Case-Laws Income Tax Tue, 09 Feb 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28562