2002 (4) TMI 244

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....hem of by this common order for the sake of convenience. 2. ITA No. 1411/Jp/1994 and 1412/Jp/1994 are two appeals by Revenue for asst. yr. 1991-92 and are directed against two separate orders of CIT(A), Jodhpur, each dt. 21st Feb., 1994. 3. The assessee has preferred cross-objection No. 1/Ju/2002 and 2/Ju/2002 in respect of ITA No. 1411/Jp/1994 and 1412/Jp/1994 being the Revenue's appeals. ....

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....the application of the proposed N.P. rate of 30 per cent and contended that the order-sheet bears assessee's signature. He has contended that in these circumstances, the reduction of N.P. rate from 30 per cent to 17 per cent by the learned CIT(A) is not justified. He has supported the AO's order. As against this, the learned authorised representative of assessee has contended that the present asse....

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.... making vague observations regarding defects. He has relied on his working sheet. 6. I have considered the rival contentions as also the relevant material on record. The present assessee's father. Shri Chaturbhuj Garg having expired just two months prior to the date of hearing fixed on 23rd March, 1993, the assessee being under great mental tension, agony and distress cannot be denied. Besides,....

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....-objection disputing the application of N.P. rate of 17 per cent as being quite high. In my considered opinion, the learned CIT(A)'s conclusion in applying N.P. rate of 17 per cent has been found to be quite justified and not excessive nor high. In that view of the matter, this cross-objection of assessee is found to be devoid of any merit and the same is, in turn, dismissed. 8. In the result, ....