Tribunal held that merely because low gross profit was shown, books of account cannot be rejected without pointing o any defects in the books of account maintained by the assessee. Tribunal also held that CIT (A) cannot enhance and reject the books of account which was not the subject matter of assessment. (AY. 2012-13 to 2014-15)
Zuberi Engineering Company V. DCIT (2019) 69 ITR 261 / 175 ITD 557 / 197 TTJ 659 / 179 DTR 25(Jaipur)(Trib.)
S. 145 : Method of accounting-Low gross profit–Books of account cannot be rejected without pointing out any defects CIT(A) cannot enhance and reject the books of account which was not the subject matter of assessment. [S. 251]