Sec. 145(3) of Income Tax Act, 1961— Rejection of books of accounts —Maintenance of stock register is essential not just for determining the opening and closing stock but for establishing the necessary linkage with the goods purchased and sold during the year and assessee may plead for non-maintenance of sale bills being involved in retail sale of liquor however, at the same time, the assessee cannot plead non-maintenance of stock register, infact, where the assessee plead that the purchases are verifiable, then what stops him from producing the records of such purchases and its linkage with the sales made during the year out of such purchases, further, being the first year of operation cannot be a ground for non-maintenance of proper books of accounts, therefore, in the entirety of facts and circumstances of the case, the rejection of books of accounts under section 145(3) was justified - KAMAL KUMAR V/s ITO - [2020] 27 ITCD Online 008 (ITAT-JAIPUR)