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| The Tax Publishers2020 TaxPub(DT) 2151 (Sur-Trib) INCOME TAX ACT, 1961
Section 145(3)
Variation of signatures appearing in registers could not be sole basis of considering books of account as defective and not verifiable as AO was not hand writing expert to distinguish signature and, therefore, in the absense of specific defect pointed out by AO, rejection of books could not be upheld .
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Accounting method - Rejection - Reason, variation of signatures appearing in registers -
Assessee was engaged in export of diamonds. AO rejected assessee's books of account on the basis of variation of signatures of Karigars, workers as appearing in salary register.Held: Variation of signatures appearing in registers could not be sole basis of considering books of account as defective and not verifiable as AO was not hand writing expert to distinguish signature of Karigar. Therefore, rejection of books of account could not be upheld especially when no specific defects have been pointed out by AO.
REFERRED :
FAVOUR : In assessee's favour.
A.Y. : 2009-10
INCOME TAX ACT, 1961
Section 143(3)
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