https://www.taxtmi.com/highlights?id=69763 Rejection of books of accounts u/sec 145(3) - assessee made bogus sales of rice - The assessee cannot be taxed doubly in same amount which was already declared in the return of income. The ld. AO has already calculated the GP ratio @ 11.87% - But there is no separate addition was made. We find the continuity in the GP ratio in the preceding and succeeding years with impugned assessment year of the assessee - Additions deleted - AT en-us Mon, 15 May 2023 18:16:28 +0530 Mon, 15 May 2023 18:16:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=69763 Rejection of books of accounts u/sec 145(3) - assessee made bogus sales of rice - The assessee cannot be taxed doubly in same amount which was already declared in the return of income. The ld. AO has already calculated the GP ratio @ 11.87% - But there is no separate addition was made. We find the continuity in the GP ratio in the preceding and succeeding years with impugned assessment year of the assessee - Additions deleted - AT Highlights Income Tax Mon, 15 May 2023 18:16:28 +0530 https://www.taxtmi.com/highlights?id=69763