2010 (6) TMI 674

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....04-05 and 2005-06. These appeals are directed against the common order passed by the Commissioner of Income-tax (Appeals) at Belgaum, on October 28, 2009. These appeals arise out of the assessments completed under section 143(3) read with section 144 of the Income-tax Act, 1961. The assessee in this case is a dealer in kirana goods doing business in the name of proprietary concern M/s. Hemendra....

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....as estimated the net profit at a flat rate. The assessee is aggrieved and, therefore, the second appeal before us. The facts of the case are very well detailed in the assessment order and in the order passed by the Commissioner of Income-tax (Appeals). As rightly pointed out by the Commissioner of Income-tax (Appeals), even in the case of suppressed turnover, there would be incidence of proved ....