Referring matter to valuation officer unjustified as books of accounts not rejected

ITO Vs Pritham and Prathik Hospitals Pvt. Limited (ITAT Hyderabad) ITAT Hyderabad held that prior to 01.10.2014 it was essential for the Assessing Officer to reject the books of accounts of the assessee before referring the matter to the Valuation Officer for determining different entries and the expenditure incurred by the assessee. Facts- A survey u/s 133A of the Income-tax Act, 1961 was conducted at business premises of the assessee and during the survey proceedings, certain documents/loose sheets found at the business premises were impounded. Assessee company did not file its Return of Inc...