TMI Blog2009 (10) TMI 934X X X X Extracts X X X X X X X X Extracts X X X X ..... CIT-(A)-II, Bhopal, dated 31.3.2009 for the AY 2005-06 on the ground that the ld. first appellate authority erred in deleting the addition of 6,37,206/- made by the AO by applying the provisions of sec. 154(3) on account of incorrectness and incompleteness of books of account. . 2. During hearing of the appeal, we have heard Smt. Aparna Karan, ld. Sr. DR and Shri H.P. Verma along with Shri Ash ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mention that the addition of ₹ 3,94,732/- was made by estimating the net profit @5% of the total turnover of ₹ 1,27,44,130/- in place of ₹ 2,42,474/- showed by the assessee, therefore, without going into the merit of the case, we are of the view that since the tax effect is below prescribed monetary limit and also insertion of sec. 268A in the Act, this appeal of the revenue dese ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... No. Authority Monetary limit (In Rs.) 1. ITAT 2,00,000/- 2. Appeal under section 260A before High Court 4,00,000/- 3. Supreme Court 10,00,000/- The Board further clarified the tax effec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ch of the Tribunal in the cases of Shri J.S. Luthra (ITA No.712 to 715/Chd/2009) and ITO, Ward 2(2), Ropar vs. The Jhallian Kalan Pri. Coop Milk Produce Society Ltd., Jhallian Kalan Distt. Ropar (ITA No.721/Chd/2009). Therefore, without going into the merits of the case, facts and the judicial pronouncements (supra), this appeal of the revenue is dismissed. Order pronounced in the open Court in ..... X X X X Extracts X X X X X X X X Extracts X X X X
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