ITAT rules AO's rejection of books unjustified; accepts 25.38% gross profit rate as reasonable u/s 144.

Assessee's appeal allowed. Rejection of books of accounts by AO not justified as no detailed findings given while estimating gross profit at 30%. AO adopted opening and closing balances from books. Assessee's declared gross profit rate of 25.38% reasonable and accepted by ITAT. AO cannot reject books solely on ground of non-maintenance of stock register when details available. .....

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