Books cannot be rejected when PAN mentioned and TDS was deducted

Brief of the Case In the case of VV Constructions v ACIT, ITAT Pune held that the Books of account cannot be rejected for only the reason that there was some over writing in one of the transactions. Also, it can’t be rejected because the Assessee have furnished the PAN numbers and made TDS in all the transactions. Facts of the Case The assessee is a partnership firm engaged in the business of Civil Construction. During the course of assessment proceedings the AO noted that assessee firm has shown net profit of Rs.47,21,819/- on a total turnover of Rs.8,68,76,534/- which comes to 5.48%. In th...