https://www.taxtmi.com/highlights?id=84791 Assessee's appeal allowed. Rejection of books of accounts by AO not justified as no detailed findings given while estimating gross profit at 30%. AO adopted opening and closing balances from books. Assessee's declared gross profit rate of 25.38% reasonable and accepted by ITAT. AO cannot reject books solely on ground of non-maintenance of stock register when details available. en-us Sat, 11 Jan 2025 08:46:29 +0530 Sat, 11 Jan 2025 08:46:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=84791 Assessee's appeal allowed. Rejection of books of accounts by AO not justified as no detailed findings given while estimating gross profit at 30%. AO adopted opening and closing balances from books. Assessee's declared gross profit rate of 25.38% reasonable and accepted by ITAT. AO cannot reject books solely on ground of non-maintenance of stock register when details available. Highlights Income Tax Sat, 11 Jan 2025 08:46:29 +0530 https://www.taxtmi.com/highlights?id=84791