2017 (4) TMI 1401

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....mber For Assessee : Shri K. Hanmandlo For Revenue : Smt. Suman Malik, DR O R D E R Per Smt. P. Madhavi Devi, J.M. This is assessee's appeal for the A.Y 2013-14. In this appeal, the assessee is aggrieved by the order of the CIT(A) in estimating the profit at 5% of the stock put to sale. 2. Brief facts of the case are that the assessee, an individual and liquor dealer, filed his re....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ported the orders of the authorities below. 5. Having regard to the rival contentions and the material on record, we find that in similar cases, this Tribunal has restricted the profit at 3% of the goods put to sale. The relevant portion of the order in ITA No.454/Hyd/2016 dated 30.12.2016 in respect of Shri K.V.K.Kishore Babu, Shankarpalli is reproduced hereunder: "6. As far as the is....