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2015 (10) TMI 2789 - ITAT JAIPURTrading addition - Estimation of income - contract receipts - rejection of books of assessee - case was selected for scrutiny and an order u/s 143(3) passed - CIT-A allowed net profit rate at 6% of the gross receipts, before depreciation, interest and remuneration to partners - HELD THAT:- We find from the records that in the absence of the any specific findings by the AO, the ld. CIT(A) has rightly applied the net profit rate of 6% by deleting the addition made by the AO considering the past history of the assessee. In absence of any specific finding by the AO to justify increase in net profit rate from 5.72% to 8% and in light of past assessment history of the assessee which has been duly considered by the ld. CIT(A) and following the decision of Gupta K.N. Construction Company [2015 (5) TMI 315 - RAJASTHAN HIGH COURT] we find no infirmity in the order of the ld. CIT(A) where net profit rate of 6% before depreciation, interest and remuneration to partners had been adopted. - Decided against revenue.
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