Books cannot be rejected only on the basis that qualitative and piece wise record of Diamonds not been maintained

Brief of the case: Books of account cannot be rejected only on the basis that qualitative and piece wise records of diamonds have not been maintained; ITAT held in Dy CIT Vs Ms Nevil Gems that if the assessee had maintained quantitative details of diamonds but had not qualitative and piece-wise details then in that case books of account could not be rejected because it was not necessary to maintain qualitative records or piece wise details as per act what was necessary was to maintain such quantum of books of accounts through which AO could calculate the total income of the assessee. Labour ex...