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2019 (2) TMI 1689 - ITAT DELHINP determination - rejection of books of accounts - HELD THAT:- It is an admitted fact that the assessee is engaged in the business of civil construction and despite opportunities granted by the Assessing Officer during the course of assessment proceedings, the assessee did not produce the requisite details as called for by the Assessing Officer. Therefore, rejection of book results and thereby estimation of profit is fully justified. Adoption of net profit rate - a perusal of the comparative chart of gross profit and net profit filed by the assessee reveals that the net profit varies from 5.31% to 5.87% from assessment year 2010-11 to 2015-16. Therefore, considering the totality of the facts of the case and in the interest of justice, we are of the considered opinion that adoption of net profit rate of 6% on the contract receipt for the impugned assessment year will meet the ends of justice. Grounds raised by the assessee are accordingly partly allowed.
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