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2022 (6) TMI 448 - AT - Income TaxGP estimation - Estimating the gross profit at 38% of the turnover - assessee is carrying out its manufacturing activity from the SEZ and eligible for exemption under section 10A - HELD THAT:- On perusal of the grounds of appeal raised by the assessee, we note that the assessee was aggrieved for estimating the gross profit at the rate of 38% of the turnover. But there was no contention raised by the learned counsel for the assessee in the written submission filed him qua the grievance raised in the grounds of appeal. In the written submission the assessee has sought the relief/ exemption under section 10A of the Act with respect to the profit arising to it from the trading of spare parts of the DC motors. AR in support of assessee’s claim has also filed the order of the ITAT in the own case of the assessee which is placed on record. However, we note that the learned CIT-A has already allowed the relief to the assessee with respect to the profit arising to it from the trading activities of spare parts by allowing the exemption under section 10A of the Act. Accordingly, we hold that there was no grievance to the assessee with respect to the trading activities as contended in the written submissions. Thus we note that there is no grievance to the assessee with respect to the gross profit estimated by the AO at the rate of 38% of the turnover. Accordingly, the appeal filed by the assessee is not maintainable. Thus we dismiss the same as infructuous
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