Audited books cannot be rejected in such a casual manner. Ad hoc disallowances are arbitrary and cannot be upheld.

Audited books cannot be rejected in such a casual manner. Ad hoc disallowances are arbitrary and cannot be upheld.      ITAT KOLKATA ACIT, CIRCLE-11 (2) , KOLKATA VERSUS M/S. MACKINTOSH BURN LTD (VICE-VERSA) I.T.A. No.2139/KOL/2018, 1940/KOL/2018 (Assessment Year: 2014-15) Short Overview:   Unascertained Liabilities u/s 41(1) CIT(A) ...
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