Section 145: Books of accounts can not be rejected because of Discrepancies

Discrepancies in book of accounts should cause addition to income of assessee and not its rejection

[2015] 56 taxmann.com 388 (Mumbai - Trib.)

IN THE ITAT MUMBAI BENCH 'B'

Bharat Dana Bera

v.

Income-tax Officer, Ward 19(1)(3), Mumbai

 Once books of account of assessee are produced before lower authorities and if there is certain discrepancy, authorities are free to make addition to said extent of discrepancies, however, in such a case, rejection of books of account is not justified