Regular books of accounts maintained in tally not constitute incriminating material  

Micro Ankur Developers Vs DCIT (ITAT Mumbai) The issue which now requires consideration is whether the additions/disallowances which the AO made in the order impugned in this appeal was based on or made with reference to any incriminating material/document found in the course of search. The only material now being referred to by the lower authorities in their submissions dated 21-06-2022 was the regular books of accounts maintained in the Tally Accounting Software. We find merit in the submissions of the Ld. AR that the regular books of accounts cannot be treated as ‘incriminating materialâ€...