Assessing Officer Rightly Invoked Section 145 for Income Calculation Due to Assessee's Inadequate Expense Segregation in Books.

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....Rejection of books of accounts - assessee had failed to segregate expenses of the contract business from other nine trucks - there is no presumption in law attaching presumption of correctness to the continuity of income tax returns - A.O. had every reason to invoke Section 145 of the Act in order to work out the real income and thereby deduce the profit and gain therefrom - HC....