2018 (5) TMI 1094

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....No. 9 of 2018 - -<br>Income Tax<br>MR. AKIL KURESHI AND MR. B. N. KARIA, JJ. For The Petitioner : Mr Tej Shah(5743) COMMON ORAL ORDER (PER : HONOURABLE MR.JUSTICE AKIL KURESHI) 1. These appeals arise out of common order of Income Tax Appellate Tribunal dated 11.07.2017. The appellantassessee was subjected to search which gave rise to the proceedings for assessment under section 153 of ....

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....ld distort the assessee&#39;s net profit. Commissioner gave partial relief to the assessee and adopted the rate of 25% of net profit out of the assessee&#39;s unaccounted sales which would be brought to tax. 2. The assessee carried the matter before the Tribunal. The Tribunal dismissed the ground. In the process, however, the Tribunal recorded that the assessee himself had offered income at the....