Books of Accounts cannot be Rejected Merely based on Non-Maintenance of Stock Register in Desired Format: ITAT Deletes Addition u/s 69 of Income Tax Act [Read Order]

By Fathima Karama A.M - On October 22, 2023 3:00 pm - 3 mins read

Books of Accounts - Rejected Merely based on Non-Maintenance of Stock - Register in Desired Format - ITAT Deletes Addition - Under Section Of The Income Tax Act - Itat - Income Tax - Income Tax Act - Non-Maintenance of Stock - TAXSCAN

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition under Section 69 of the Income Tax Act holding that the books of account could not be rejected based on non-maintenance of stock register in desired format. The assessee, Chirag Nareshbhai Son was an individual engaged in the business of trading of…

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