If book results are not rejected, AO has no alternative except to accept the book results

ITAT, AHMEDABAD BENCH `D’ AHMEDABAD, Jai Pulse Mills VS. ITO, APPEAL NO: ITA Nos. 1317-1319/Ahd/2004, DECIDED ON May 7, 2010 O R D E R PER Mahavir Singh Judicial Member:- These seven appeals – 4 appeals by the assessee and 3 appeals by Revenue are arising out of the order of Commissioner of Income-tax (Appeals)-II, Ahmedabad in appeal Nos.CIT(A)VII/Wd.3(4)/104-107/03-04 dated 05-03-2004; appeal Nos. CIT(A) VII/Wd.3(4)/108, 103/03-04 i.e. dated 13-02-2004 and 11-02- 2004 and appeal No. CIT(A)VII/Wd.3(4)12/05-06 dated 03-01-2006. The assessments were framed by the ITO Wa...