No rejection of books of account if no specific defect pointed out by AO

DCIT Vs Mojika Real Estate and Developers Pvt. Ltd. (ITAT Jaipur) Conclusion: Rejection of books of accounts under section 145(3) was not justified as once the books of accounts had been prepared/recasted, AO could not go back to the stage of survey proceedings  to contend that since no books of accounts were available at that point in time, he would not consider the books of accounts so recasted/prepared and furnished subsequently. rejection books  account specific defect pointed out AO Held: In the instant case, AO had rejected the books of accounts invoking the provisions of section 145(3...