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2 ITA 139/JP/2018_ Rakesh Khandelwal HUF Vs. ITO
3. By the impugned order, the ld. CIT(A) confirmed all the additions, against which the assessee is in further appeal before the ITAT.
4. We have considered rival contentions and carefully gone through the orders of the authorities below. From the record we found that during the year under consideration, the sale of the assessee has increased from Rs. 13.80 crores to Rs. 31.32 crores. During the year under consideration, the assessee had shown G.P. rate of 3.79% against the G.P. of 4.09% for the earlier year. Looking to the 250 times increase in the turnover, we found that the marginal decrease in the G.P. is reasonable in so far as against the G.P. of Rs.56.47 lacs in the immediate preceding year, the assessee had shown G.P. of Rs. 1.18 crores during the year under consideration. The first grievance of the assessee relates to disallowance of Bardana expenses of Rs. 8,57,096/-, in this regard the A.O. observed that the assessee had shown these expenditure in its trading account but