https://www.taxtmi.com/caselaws?id=798744 Section 145 permits rejection of books only on a reasonable and cogent basis that accounts are incorrect, incomplete, or incapable of determining true income. A consistently followed completed contract or project-completion method is not invalid merely because another revenue-recognition method is preferred. Variations in flat-booking prices, without proof of suppressed sales, unrecorded receipts, or accounting defects, do not establish unreliability of accounts. Similarly, a uniform base price cannot support an addition for undisclosed consideration without evidence that the differential amount was received by the assessee. Payments under separate extra-work arrangements require evidence linking them to the assessee. en-us Tue, 08 Sep 2026 00:00:00 +0530 Fri, 11 Sep 2026 08:13:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798744 Section 145 permits rejection of books only on a reasonable and cogent basis that accounts are incorrect, incomplete, or incapable of determining true income. A consistently followed completed contract or project-completion method is not invalid merely because another revenue-recognition method is preferred. Variations in flat-booking prices, without proof of suppressed sales, unrecorded receipts, or accounting defects, do not establish unreliability of accounts. Similarly, a uniform base price cannot support an addition for undisclosed consideration without evidence that the differential amount was received by the assessee. Payments under separate extra-work arrangements require evidence linking them to the assessee. Case-Laws Income Tax Tue, 08 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798744