https://www.taxtmi.com/caselaws?id=773837 ITAT Ahmedabad held that books of accounts cannot be rejected solely for non-maintenance of stock register in construction business involving infrastructure projects. The assessee engaged in construction and maintenance of roads, bridges, tunnels, and ports, where maintaining daily stock registers for raw materials like bricks, stones, and sand across multiple project locations is practically difficult. The Tribunal found that audited books with no defects pointed out by AO, government receipts through banking channels with proper TDS deductions, and absence of undisclosed sales or inflated costs cannot justify rejection merely due to lower GP rate compared to previous years. Appeal allowed. en-us Thu, 26 Jun 2025 00:00:00 +0530 Sat, 28 Jun 2025 08:35:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773837 ITAT Ahmedabad held that books of accounts cannot be rejected solely for non-maintenance of stock register in construction business involving infrastructure projects. The assessee engaged in construction and maintenance of roads, bridges, tunnels, and ports, where maintaining daily stock registers for raw materials like bricks, stones, and sand across multiple project locations is practically difficult. The Tribunal found that audited books with no defects pointed out by AO, government receipts through banking channels with proper TDS deductions, and absence of undisclosed sales or inflated costs cannot justify rejection merely due to lower GP rate compared to previous years. Appeal allowed. Case-Laws Income Tax Thu, 26 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773837