Books of account cannot be rejected on the basis of general findings

ACIT Vs. Shri Laxmi Narain Agarwal (ITAT Jaipur)- It is contended that the order of the ld. CIT(A) will reveal that no specific defects in the books of account were found by the AO. The assessee’s working site being at remote place, cash payment to labourer through self made vouchers becomes a necessary part of assessee’s business from year to year. The ld. CIT(A) has himself held that defects pointed out by the AO are general in nature. It is a settled law that books of account cannot be rejected on the basis of general findings. It is incumbent upon the AO to establish the specif...