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2016 (12) TMI 1631 - AT - Income TaxN.P. determination - AO to adopt Net Profit at the rate of 2% of the turnover for determining the taxable income in the case of the appellant as against 0.64% as disclosed by the appellant in her return of income - Held that:- In our considered view, the issue and the assessment year, i.e. AY 2009-10, in question in respect of supply of waste-paper to paper-mills of Vapi are same. Therefore, following the judgment in the case of Prakash F. Singh (2016 (12) TMI 1630 - ITAT AHMEDABAD), the order of the ld. CIT(A) is upheld and the Revenue’s appeal as well as assessee’s appeal is dismissed. Commissioner of Income-tax (Appeals) has not erred in directing the Learned Assessing Officer to adopt Net Profit at the rate of 2% of the turnover for determining the taxable income in the case of the appellant
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