Rejection of Certain Entries from Books of Account by Pick and Choose Method is Arbitrary: Delhi HC [Read Order]

Rejection of certain entries from books of account by pick and choose method is arbitrary, rules Delhi HC

By Kalyani B. Nair - On April 1, 2024 11:45 am - 2 mins read

Delhi High Court - Books of Account - Rejection of entries in books of account - Arbitrary accounting methods - TAXSCAN

In a recent decision, the Delhi High Court observed that the rejection of certain entries from books of account by pick and choose method is arbitrary. On 30.11.2014, the respondent-assessee filed its ITR declaring income of Rs.66,53,882/- for AY 2014-15. A notice under Section 143(2) of the Income Tax Act was issued on 10.09.2015 and…

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