In the result, appeal of the assessee is allowed in part
Bench: Shri R.C. Sharma & Shri Sandeep Gosainsatya Narayan Choudhary, Vs A.C.I.T., 58, Gokulpura, North Ayad, Central Circle-1, Udaipur-313001. Udaipur. (Appellant) (Respondent) Pan No. Aappc 9260 P Satya Narayan Choudhary, Vs A.C.I.T., 58, Gokulpura, North Ayad, Central Circle-1, Udaipur-313001. Udaipur.
142A are applicable when the assessing officer concludes and satisfies himself about fallacy or non-reliability of Books of Accounts. If he is satisfied with the correctness of the Books of Accounts, there is no reason to apply the provisions of S. 69 as AO as well as ld. CIT(A) has not rejected the books of accounts and details