2013 (12) TMI 240

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..... y the Revenue and the Cross Objection filed by the assessee are directed against separate orders of CIT (A)-III, Hyderabad pertaining to the assessment years 2007-08 and 2008-09. Since the issue involved in these appeals and cross objections is common in nature, they are clubbed together, heard together and are being disposed of by this combined order, for the sake of convenience. 2. Both the ass .....

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..... made by the assesses. Accordingly, we direct the AO to estimate the income at 5% of sales made by the assessees net of all deductions as income for this assessee also. The claim of the assessee for further deduction towards remuneration and interest to partners cannot be accepted. 4. In the result, while the appeals filed by the Revenue are partly allowed, the Cross Objections filed by the assess .....

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