Assessing Officer's Contradictory Stance: Rejects Books Yet Accepts Taxpayer's Financial Results, Disallows Certain Expenses Only.

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....AO after rejecting the books of account preferred to make disallowance on account of certain expenses only. - In a way he has accepted the books results shown by the assessee and had only disallowed the expenses. This shows the illusioned mind of the Assessing Officer - AT....