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Ito, Patiala vs Assessee on 18 January, 2016

done in the proceeding years resulting in decrease in GP rate by 1.94%. The contention is not rebutted by the A.O. Thus ... this connection, the appellant has further contended that the turnover in these two comparable cases are very high compared to the case of the appellant
Income Tax Appellate Tribunal - Chandigarh Cites 4 - Cited by 0 - Full Document

Rohit Rai Sethi, Lucknow vs Assessee on 3 February, 2016

respectively. The only explanation given by the appellant for drastic decrease in gross profit rate to 1.72% was that during the year he closed down ... profit rate of 5% applied by the AO in respect of business turnover of the appellant is more than reasonable. Under the circumstances, addition
Income Tax Appellate Tribunal - Lucknow Cites 0 - Cited by 0 - Full Document
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