Rejection of books of accounts
This query is : Resolved
03 November 2011
During the course of search of a educational society, books of accounts were impounded, later 12A grated by High court, later during the couse of assessment to give effect of 12A granted the A.O wants to reject the books of accounts on the ground that ledger is not complete and some enteries are with pencil and the assessee could not produce few bills of insignificat amount.
Please advice whether AO is justified in doing this.
Remedy available to us
CA Kukil Kumar Agarwal
9415004681
pallavikukil@yahoo.com
Please advice whether AO is justified in doing this.
Remedy available to us
CA Kukil Kumar Agarwal
9415004681
pallavikukil@yahoo.com
03 November 2011
ask your account to appear and pen down the pages in front of AO.
as the balance sheet is made ready, reconcilation of ledger may be submitted for incomplete ledgers. ( a completed trial balance will serve the purpose)
bills are mandatory / in absence you can produce vouchers.
as the balance sheet is made ready, reconcilation of ledger may be submitted for incomplete ledgers. ( a completed trial balance will serve the purpose)
bills are mandatory / in absence you can produce vouchers.
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