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2019 (8) TMI 467 - HC - Income TaxAddition on account of suppression of profit - AO made additions inter alia on the ground of lower GP rate in the present year - CIT(A) granted partial relief being calling for remand report - ITAT deleted the addition - HELD THAT:- Tribunal after detail consideration came to the conclusion that the assessee's books were not rejected. Merely because, in the present year, the assessee had reflected lower margin, would not be a ground for making additions. Most significantly, the assessee had explained the reason for sale of products to its sister concern at a lower rate than that of the assessee had supplied to the other purchasers by pointing out that the price quoted to the sister concern was minus sales tax component since the product was meant for export. The entire issue is based on appreciation of evidence on record. No question of law arises. The Appeal is dismissed.
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