Contention of assessee not acceptable merely because books are certified by Auditor

ITO Vs Ashesh Sidharth Agarwal (ITAT Ahmedabad)

ITAT Ahmedabad held that merely because the books of accounts have been subjected to tax audit under Section 44AB of the Act and the Auditor had certified the books of accounts to be in order, the contention made by the assessee cannot be stated to be full proof.

Facts-

On the basis of AIR information that the appellant has deposited cash amounting to Rs. 5,10,00,700/- in bank accounts, a n

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