Held that the Assessing Officer has pointed out any specific defect in books of account hence the rejection of books of account is not justified. Tribunal also held that re payment of sundry creditors in next year hence addition is not justified. (AY.2010-11)
ACIT v. Salya India P. Ltd. (2023)103 ITR 81 (Surat)(Trib)
S. 145 : Method of accounting-Rejection-No specific defect in books of account-Rejection is not justified-Re payment of sundry creditors in next year-Addition is not justified.[S. 68, 145(3)]