https://www.taxtmi.com/caselaws?id=458401 Delhi HC upheld assessment order u/s 143(3) r.w.s. 144B rejecting books of accounts. Petitioner argued inadequate notice regarding book rejection and s. 40(a)(ia) disallowance. Court found show-cause notice clearly informed assessee of doubts about account correctness and completeness, with AO proposing 12% income assessment after book rejection. Regarding s. 40(a)(ia), no specific disallowance was made, with AO reserving decision pending appellate authority's view on book rejection. Writ petition dismissed for lack of merit. en-us Mon, 20 May 2024 00:00:00 +0530 Thu, 24 Oct 2024 19:42:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458401 Delhi HC upheld assessment order u/s 143(3) r.w.s. 144B rejecting books of accounts. Petitioner argued inadequate notice regarding book rejection and s. 40(a)(ia) disallowance. Court found show-cause notice clearly informed assessee of doubts about account correctness and completeness, with AO proposing 12% income assessment after book rejection. Regarding s. 40(a)(ia), no specific disallowance was made, with AO reserving decision pending appellate authority's view on book rejection. Writ petition dismissed for lack of merit. Case-Laws Income Tax Mon, 20 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458401