https://www.taxtmi.com/caselaws?id=469444 Rejection of audited books of account under section 145(3) was not justified where the assessee produced regular books, vouchers and job-work payment details, and the record showed no specific defect, suppression of sales, inflation of , or manipulation. In a fabric job-work business with varying margins driven by market and operating conditions, the absence of independent inquiry or reliable comparable material meant the average gross profit rate could not be adopted as a basis for estimation. The consequential addition made on estimated gross profit was therefore deleted in favour of the assessee. en-us Thu, 06 Mar 2025 00:00:00 +0530 Wed, 17 Jun 2026 19:02:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469444 Rejection of audited books of account under section 145(3) was not justified where the assessee produced regular books, vouchers and job-work payment details, and the record showed no specific defect, suppression of sales, inflation of , or manipulation. In a fabric job-work business with varying margins driven by market and operating conditions, the absence of independent inquiry or reliable comparable material meant the average gross profit rate could not be adopted as a basis for estimation. The consequential addition made on estimated gross profit was therefore deleted in favour of the assessee. Case-Laws Income Tax Thu, 06 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469444