2010 (9) TMI 896

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....sessee challenging the order of the learned CIT(A), Bikaner dated 26-4-2010 on the ground that the learned first appellate authority should have appreciated that the case of the assessee is squarely covered under section 44AD of the Act, as the receipts are less than Rs. 40,00,000 and the profit is more than 8 per cent. As such, the addition, sustained by the learned CIT(A) is unjustified. 2. Dur....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....CIT(A). The crux of the submissions is that net profit rate of 8.15 per cent can be applied which will meet the ends of justice. On the other hand, the learned Departmental Representative, though defended the assessment order, but did not controvert the factual matrix asserted by the learned counsel for the assessee. 3. We have considered the rival submissions and perused the material available b....