AO Must Reject Books Under Sec 145(3) Before Estimating Expenses; Disallowance Needs Item-Wise Justification; Addition Deleted.

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....Adhoc disallowance of expenses - AO could ventured into estimation only after rejecting the books of accounts of the assessee u/s 145(3) by best judgment assessment u/s 144 - for deficiency in the vouchers disallowance should be item-wise - addition deleted....