Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2015 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (10) TMI 164 - AT - Income TaxAddition of net profit rate @ 8% - Held that:- In past, in assessee’s own case for A.Y. 2001-02 and 2002-03 had decided N.P. rate @ 8% subject to allowance of interest and depreciation. The assessee has relied upon the various case laws before us but their financial results are not available for verification wherein N.P. rate was reduced to 5% by the Hon’ble ITAT. The learned AR had not controverted the findings given by the learned CIT(A). He had accepted the defects in the books of account by not pressing the ground of appeal for rejection of book result. Therefore, we upheld the order of the learned CIT(A). - Decided against assessee.
|