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Addition on estimated basis by rejecting books without any adverse material cannot stand
Case Law Details
- Case Name
- Parle Products Pvt. Ltd. vs. ACIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 1998-99 to 2010-11
- Courts
- All ITAT, ITAT Mumbai
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Advocate Akhilesh Kumar Sah
Parle Products Pvt. Ltd. vs. ACIT (ITAT Mumbai)
ITAT Mumbai held in the case of Parle Products Pvt. Ltd. vs. ACIT that Making addition on estimate basis by rejecting the books of account in the absence of any adverse material brought on record cannot stand.
In Parle Products Pvt. Ltd. vs. ACIT [ITA No.6821/Mum/2004 and other appeals, decided on 22.01.2018], one of the ground raised was the CIT(A) erred in confirming the action of Assessing Officer(AO) in rejecting the book results of the appellant. He erred in holding that the books of accounts cannot be said to be...
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