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This appeal is preferred by the revenue against the order dated 12.01.2023 of the Ld. Commissioner of Income-tax (Appeals)-27(hereinafter referred as Ld. First Appellate Authority or in short Ld. 'FAA') in Appeal No. CIT(A), Delhi-27/11116/2016-17arising out of the order dated 28.07.2021u/s 147of the Income Tax Act, 1961 (hereinafter referred to as 'the Act') passed by the DLC-CC-(4)(10)for AY: 2017-18.

2. Heard and perused the records. The factual background of the case are that the assessee is a private limited company and the returned of income was filed on 31-10-2017 declaring an income of Rs.2,17,89,640/-. The account of the assessee, for the purpose of income tax are audited as per Form No. 3CA and Form NO. 3CD both are dated 31-10-2017 which were duly filed with the Department within statutory period and are part of record along with independent auditor's report. The turnover of the assessee excluding other income and increase/decrease in stock, for the year under consideration is a sum of Rs.22,67,85,231/- and purchases are a sum of Rs.22,88,19,359/- and profit before tax has been reported at Rs.2,25,27,806/-