Dismissing the appeal of the revenue the Tribunal held that, Without pointing out any specific defects in the books of account , rejection of books of account and estimating higher income is not justified . ( AY.2010-11)
ACIT v. Future Distributors. (2018) 65 ITR 59(SN) (Kol) (Trib)
S.145: Method of accounting –Without pointing out any specific defects in the books of account , rejection of books of account and estimating higher income is not justified .