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TMI Blog2023 (9) TMI 321X X X X Extracts X X X X X X X X Extracts X X X X ..... or, Advocate ORDER PER N. K. BILLAIYA, AM: This appeal by the revenue is preferred against the order of the CIT(A)-5, New Delhi dated 29.07.2019 pertaining to A.Y. 2010-11. 2. The grievance of the revenue read as under:- 1. That on the facts and circumstances of the case & in law, the Ld. CIT(A) erred in deleting the addition of Rs. 6,86,84,246/-. 2. That on the facts and circumstances of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 10526/-. The AO further noticed that in the immediately preceding year the assessee has shown GP rate of 12.8% against the turnover of Rs. 5155725007/-. The assessee was asked to justify the fall in the GP rate by giving item wise purchase detail of raw-material and selling price of finished goods alongwith justification of increase in the manufacturing expenses. Since the factory is closed from 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s and other documents/ evidences in respect of claim of expenditure. 7. After considering the submissions and the remand report and after the verification of book of accounts by the AO the CIT(A) deleted the additions made on account of low GP rate. In so far as disallowance of miscellaneous and other expenditure of Rs. 7 lacs is concerned the CIT(A) on facts restricted the disallowance to Rs. 3, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d the same. On these facts we do not find any reason to interfere with the findings of the CIT(A). The ground No.1 is dismissed. 11. In so far as ground No.2 is concerned we find that the CIT(A) has restricted the disallowance considering the facts of the case to Rs. 3,50,000/- which calls for no interference. 12. In the result, the appeal of the revenue is dismissed. 13. Decision announced in ..... X X X X Extracts X X X X X X X X Extracts X X X X
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