Held that if the books are rejected, it is mandatory to complete the assessment u/s 144. The order passed u/s 153A of the Act is not valid accordingly the addition is deleted. (AY. 1998-99)(ITA.Nos. 429 to 423 /JP/ 2024 dt. 1-8-2024)
Govindam Export v. DCIT(2024) Chamber’s Journal-September-P. 110 (Jaipur)(Trib)
S. 144 : Best judgment assessment-Books are rejected-Order has to be passed under section 144-Order passed under section 153A is not valid-Addition is deleted.[S.132, 145(3), 153A]
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