Books of account can be rejected either for default of ‘incomplete books’ or for ‘inaccurate books’

ITAT PUNE BENCH ‘A’ Honeywell Automation India Ltd. v. Deputy Commissioner of Income-tax IT APPEAL NOs. 401& 402 (Pune) of 2007 [Assessment years 2001-02 & 2002-03] Date of Decision – September 7, 2011 ORDER D. Karunakara Rao, Accountant Member – There are two appeals under consideration for the AYs 2001-02 and 2002-03. The issues are common and therefore, with the consent of the parties, we have decided to take up the appeal no 401/PN/2007 for adjudicating both the appeals as the grounds, facts, and the arguments of the parties are essentially ...