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2022 (7) TMI 788 - ITAT RAJKOTRejection of books of accounts u/ 145 - estimating the net profit @7% of the total turnover - CIT-A estimated net profits by applying the rate of 0.22% to the total turnover of the assessee as opposed to 7% applied by the AO - HELD THAT:- As relying on ITAT Rajkot bench decision in assessee’s own case for assessment year 2010-11 [2022 (4) TMI 1425 - ITAT RAJKOT] we find no infirmity in the order of Ld. CIT(Appeals), who after considering the facts of the instant case upheld the action of the Ld. Assessing Officer in rejecting the assessee’s book u/s 145 of the Act, but also gave substantial relief to the assessee by estimating the net profit @ 0.22% in the instant set of facts. In the result, the appeal of the assessee is dismissed.
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