The AO rejected the books of account of assessee and estimated the gross profit at 18% . On appeal the CIT ( A) reduced the GP from 18% to 16%. On appeal the Tribunal held that the assessee is dealing with large number of small items . It was not possible to for it to maintain stock register and movement of stock for each and every  item . The assessee verifies its stock physically at the end of the year regularly and thus all wastages ,pilferages and other losses automatically get accounted for determining the true profits .   All purchases and sales vouchers and other records maintained by the assessee were found to be in order . Accordingly the Tribunal held that  the Tribunal held that  the  Books of account cannot be rejected merely for non -maintenance of  stock register.  (ITA No. 1097/Chd /2016 dt 30 -6 -2020 ) (AY. 2013 -14)