Books of Account cannot be rejected for mere Inadvertent Error in TAR

ITO Vs Sambhav Shelter (ITAT Mumbai)

Introduction: The Income Tax Appellate Tribunal (ITAT) Mumbai recently adjudicated a case between the Income Tax Officer (ITO) and Sambhav Shelter. The dispute revolved around the rejection of books of account by the Assessing Officer (AO) due to discrepancies in the Tax Audit Report (TAR). This article provides a detailed analysis of the case, examining the grounds for rejection, arguments presented, and the final ruling by the ITAT Mumbai.

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