A.O. may reject Books of Account if Assessee does not furnish proper records of production

IN THE ITAT CHANDIGARH BENCH ‘A’ Pawan Kumar v. ITO IT APPEAL NOS. 1119 & 1145 (CHD.) OF 2011 [ASSESSMENT YEAR 2008-09] MAY 17, 2012 ORDER H.L. Karwa, Vice-President These cross-appeals by the assessee and Revenue are directed against the order of CIT(A)-II, Ludhiana dated 20.9.2011 relating to assessment year 2008-09. 2. Ground Nos. 1 & 2 of the assessee’s appeal reads as under:-  1.  That the Ld. CIT(A)-II, Ludhiana has erred in confirming the action of the Assessing Officer (Assessing Officer) in rejecting the books of account u/s 145(3) of the I...