Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2020 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (12) TMI 302 - ITAT MUMBAIEstimation of income - addition of gross profit of 1% on local sales - HELD THAT:- On perusal of the submissions made before the A.O and CIT(A),no evidence was filed in spite of providing opportunities of hearing to substantiate the sale price and the goods which were sold are only waste and un-useable material. CIT(A) has dealt on the disputed issues and has confirmed the action of the A.O. We find the CIT(A) has granted relief to the assessee on the alternative ground of appeal but in respect of addition he has sustained the action of the A.O. Considering the overall facts and observations of the CIT(A), we are not inclined to interfere with the order of the CIT(A) and upheld the same and dismiss the grounds of appeal of the assessee.
|