If AO made addition on estimated GP basis than other item-wise disallowance should not be made

Devyani Tex Chem Pvt. Ltd. Vs ACIT (ITAT Surat) From the above facts it is abundantly clear that books of accounts of the assessee were rejected by the assessing officer and on appeal, ld CIT(A) upheld the rejection of books of accounts and reduced the profit estimation. We also upheld the order of ld CIT(A), so far rejection of books of accounts are concerned, that is, ld assessing officer has rightly rejected the books of accounts of the assessee which was confirmed by the ld CIT(A). Where the AO himself rejected the books of account of the assessee after holding that assessee`s books do not...