AO rejects books of account u/s 145(3) of the Income Tax Act in absence of documents: ITAT directs CIT(A) decide afresh

The ITAT has ruled that an "AO rejects the books of account" under a "section of the Income Tax Act" in the "absence of documents," and has "directed CITA to decide afresh." The tribunal's decision, which is a significant victory for the company, was made on the grounds that the company's claim was not supported by evidence. The ruling clarifies that a tax authority can't add a tax to a company's account without a valid reason.