Held that the assessee following accounting standards and accounts audited without adverse remarks.All documents called are furnished and no defects pointed out. Rejection of books of account is not justified. Ad-hoc estimate of profits is deleted. (AY.2015-16)
Asst. CIT v. Friends Medicos (2023)108 ITR 279 (Delhi)(Trib)
S. 145 : Method of accounting-No defects in the books of account-Ad-hoc estimate of profit is not justified. [S. 133A, 145 (3)