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section 145 Rejection of books of Accounts

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....ection 145 Rejection of books of Accounts<br> Query (Issue) Started By: - Bhavna Mehta Dated:- 6-1-2011 Last Reply Date:- 24-6-2011 Income Tax<br>Got 1 Reply<br>Income Tax<br>can books of accounts be ....

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....rejected if vouchers & supporting are not proper & only on that base, can best judgement be done? whether vouchers are regarded as part of Books of Accounts? Reply By Surender Gupta: The Reply: It is....

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.... the gross nature of facts would help to decide the issue of rejecting books of account. Where few transaction are unverfiable and supporting are not proper, AO may make addition in respect of those o....

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....nly. But, again it is the whole background which would hep to decide the issue. You may refer to this case: COMMISSIONER OF INCOME TAX-VIII Versus M/S PARADISE HOLIDAYS (2010 -TMI - 75924 - DELHI HIG....

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....H COURT) where HC has said in similar circumstances, AO may disallow that particular expenditure which is not supported by evidence.<br> Discussion Forum - Knowledge Sharing ....