TMI Blog2014 (5) TMI 971X X X X Extracts X X X X X X X X Extracts X X X X ..... mar [2008 (11) TMI 356 - PUNJAB & HARYANA HIGH COURT] on identical facts and in similar line of business has upheld the NP rate of 12% - Held that:- The Tribunal had relied upon the order passed in the case of the assessee for the AY 2007-08 - the order was set aside the order being not a speaking and reasoned one, the matter has been remanded to the Tribunal to decide the issue afresh – thus, the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , Annexure A.3 passed by the Income Tax Appellate Tribunal, Amritsar Bench, Amritsar in ITA No.222 (ASR)/2013 for the assessment year 2009-10 proposing to raise the following substantial question of law:- Whether on the facts and circumstances of the case and in the eyes of law Income Tax Appellate Tribunal was justified in dismissing the appeal of the revenue without considering the fact that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ficer assessed total income at Rs. 1,49,24,455/- as against the net total income of Rs. 96,71,107/- returned by the assessee thereby making an addition of Rs. 52,53,348/-. Aggrieved by the order, the assessee filed appeal before the Commissioner of Income Tax (Appeals) [CIT(A)]. Vide order dated 11.2.2013, Annexure A.2, the CIT(A) partly allowed the appeal by restricting the net profit rate to 10% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ITA Nos.100 and 101 of 2013 wherein after setting aside the impugned order being not a speaking and reasoned one, the matter has been remanded to the Tribunal to decide the issue afresh, we set aside the impugned order dated 12.6.2013, Annexure A.3 in the present appeals and remit the matter to the Tribunal to adjudicate the issue afresh after affording an opportunity of hearing to the parties in ..... X X X X Extracts X X X X X X X X Extracts X X X X
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