Books of accounts cannot be rejected merely at the instance of assessee

ITO Vs. Babu Lal Somani (ITAT Jaipur) Mere Special audit and consequent additions not amounts to rejection of books in absence of specific exercise of powers U/s. 145(3) There is no specific finding which has been recorded by the assessing officer in the assessment order recording his satisfaction as to rejection of the books of accounts and the result so declared by the assessee. It is true that the matter was referred for special audit under section 142(2A) but that by itself will not result in an implied finding of the assessing officer about his non-satisfaction about the books of accounts...