2017 (4) TMI 617

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..... s been filed by the revenue against the order of the Income Tax Appellate Tribunal, Agra Bench, Agra dated 06.02.2009 for the assessment year 2004-05. The appeal was admitted on the following substantial questions of law:- "1. Whether the Hon'ble ITAT, Agra Bench, Agra was legally correct in upholding the findings of the CIT (A) who had directed to apply net profit rate ignoring the fact tha .....

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..... rofit rate to estimate the income of the assessee. The CIT (Appeals) had adopted a net profit rate of 10% considering the comparable cases of other persons engaged in similar business in respect of income arising from contracts. In respect of liquor business the CIT (Appeals) adopted a net profit rate of 2% on the basis of comparable case of one Ram Kumar, Shiv Kumar Shivhare that had travelled up .....

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