Acceptance of records bars AO to make addition due to non-production of books

HIGH COURT OF GUJARAT CIT v. Jay Enterprise Tax Appeal No. 45 of 2011 Date of Pronouncement- March 20, 2012 ORDER Bhaskar Bhattacharya, Actg. CJ.  This Appeal under Section 260A of the Income Tax Act is at the instance of the Revenue and is directed against the order dated 14th July 2010 passed by the Income Tax Appellate Tribunal, Rajkot Bench, Rajkot in I.T.A. No.519/RJT/2008, by which the Tribunal dismissed the appeal preferred by the Revenue. Being dissatisfied, the Revenue has come up with the present Appeal. The following three questions arise for consideration before ...