https://www.taxtmi.com/caselaws?id=308245 Rejection of books of account under section 145(3) could not, by itself, sustain a trading addition where the assessing officer failed to point out any specific defect in the books or to show that the declared gross profit rate was unreliable. The appellate authority's finding, as affirmed by the Tribunal, was that no illegality or perversity had been demonstrated in the factual appreciation. On that basis, the High Court found no substantial question of law and the trading addition was not justified. en-us Tue, 04 Mar 2008 00:00:00 +0530 Tue, 30 Dec 2025 15:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308245 Rejection of books of account under section 145(3) could not, by itself, sustain a trading addition where the assessing officer failed to point out any specific defect in the books or to show that the declared gross profit rate was unreliable. The appellate authority's finding, as affirmed by the Tribunal, was that no illegality or perversity had been demonstrated in the factual appreciation. On that basis, the High Court found no substantial question of law and the trading addition was not justified. Case-Laws Income Tax Tue, 04 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308245