https://www.taxtmi.com/caselaws?id=790907 Unreliable accounts supported only by self-made vouchers, without verifiable labour records, third-party confirmations, project-wise details or reconciliations, justify rejection of books under section 145(3). Once the books are rejected, income must be estimated on a fair and reasonable basis, and section 44AD cannot be applied mechanically or through unsuitable comparables. On the facts discussed, an 8% profit rate was found excessive and a 5% rate was adopted, resulting in partial relief. en-us Thu, 30 Apr 2026 00:00:00 +0530 Sat, 02 May 2026 07:40:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790907 Unreliable accounts supported only by self-made vouchers, without verifiable labour records, third-party confirmations, project-wise details or reconciliations, justify rejection of books under section 145(3). Once the books are rejected, income must be estimated on a fair and reasonable basis, and section 44AD cannot be applied mechanically or through unsuitable comparables. On the facts discussed, an 8% profit rate was found excessive and a 5% rate was adopted, resulting in partial relief. Case-Laws Income Tax Thu, 30 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790907