2015 (3) TMI 273

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.... The assessing officer by comparing case of the assessee with some other firm treated his gross profit rate as 17.22% and added a sum of Rs. 20,12,417 with taxable income. Being aggrieved by the same, the assessee preferred an appeal before the Commissioner of Income Tax (Appeals) and that came to be accepted under the judgment dated 28.02.2013. Learned Commissioner of Income Tax (Appeals) after c....

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....ated in the same vicinity and involved in the same business. According to learned counsel, a rational and reasonable criteria was adopted by the assessing officer and that should have not been interfered by the Appellate Tribunal. We do not find any merit in the argument advanced. Learned Commissioner of Income Tax while determining 7.19% as gross profit rate noticed that the assessing officer ....