Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2019 (6) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (6) TMI 1226 - HC - Income TaxAddition made on account of unverifiable purchase - Addition made on account of unverified sundry creditors - assessee is in business of trading in waste paper - estimated income based on NP of turnover - HELD THAT:- The finding recorded by the CIT(A) came to be affirmed by the Tribunal stating that no reason to interfere with the findings and conclusion arrived by the CIT(A) in directing the AO to estimate NP @ 2% of total URD purchases as this view has been consistently adopted and followed by the Department from AY 2006-07 to 2008-09 and for AY 2009-10 same view has been uphold and confirmed by the Tribunal in assessee's own case order dated 27.05.2016 (supra). We do not find any error, much less an error of law, said to have been committed by the Tribunal in passing the impugned order. We see no good reason to disturb the same.
|