Tribunal held that the Assessing Officer could not have rejected books of account of assessee and estimated gross profit at rate of 12 per cent of total sales turnover as against rate of 8.36 per cent without providing assessee an opportunity to present his claim. Matter remanded. Similarly when conformation of loan transaction  was filed, rejection of claim without  considering these documents was not justified. Matter remanded.  (AY. 2005-06)