Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2023 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2023 (5) TMI 780 - AT - Income TaxRectification application - Hon'ble Bench applied the profit rate of 38.23 % to gross purchase while the profit rate on gross purchase calculated by the CIT(A) was 27.66 % - loss to the revenue as the income determined after giving appeal effect to the order of the ITAT, is lower than the income declared in return by the assessee - HELD THAT:- In argument the revenue let to inform that the rectification was required to relate this order of the ITAT, Amritsar Bench. But the ITAT Amritsar Bench has passed the speaking order in this issue. The recalling the observation of a speaking order of ITAT is beyond the jurisdiction of Bench. So, the MA application of the revenue is dismissed.
|