2017 (11) TMI 390

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..... & NP - rejection of books of accounts - Held that:- ITAT was justified in deleting the trading addition and in accepting the books of accounts of the assessee - Decided against revenue Disallowance in view of Section 36(1)(va) r.w.s. 2(24)(x) - Held that:- With regard to this question the same is now covered by the decision of this Court in Tax Appeal [2014 (5) TMI 222 - RAJASTHAN HIGH COURT] a .....

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..... ed opportunities regarding the reason of decline in trading result of the company. b) The assessee had not produced journal book and store ledger etc. and also not maintained stock register. c) The assessee company had failed to reconcile the difference in accounts of creditors namely M/s. Riddhi Siddhi Gluco Bios Ltd. and Sanat Products Ltd. Further, the assessee company had also fail .....

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..... ts stand before the appellate authorities to explain the decline of GP NP? 3. Whether on the facts and circumstances of the case Hon ble ITAT was justified in accepting the books of accounts of the assessee even though various discrepencies pointed by the Assessing Officer which had been upheld by the ld. CIT(A). 4. Whether on the facts and circumstances of the case Hon ble ITAT was .....

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