Assessing Officer Improperly Rejected Books Without Allowing Assessee to Address Concerns u/s 145. Tribunal's Decision Upheld.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Rejection of the books of account - since before invoking Section 145, the AO had not given any opportunity to the Assessee and therefore, could not have drawn an adverse influence against it - no indication by the AO that how the assessee has inflated its profit and correspondingly inflated its assets or deflated its liabilities - CIT(A)/ITAT order appears to be on sound legal basis consistent with the law....