Insignificant mistakes cannot justify rejection of books of accounts

ACIT Vs Sanjay Agrawal (ITAT Raipur)

Insignificant mistakes in the accounts cannot justify rejection of books of accounts of the assessee under Sec. 145(3) of the Act.

Facts- The case of the assessee was selected for scrutiny assessment u/s. 143(2). Accordingly, A.O directed the assessee to substantiate its claim for deduction of expenses under the various heads by producing its cash book a/w supporting bills and vouchers.

In fact, it was admitted by the assessee be

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