2018 (5) TMI 1778

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.... directed against the order of the Ld. CIT(A)-7, Hyderabad, dated 12.10.2017 for the A.Y 2014-15 passed u/s 250 of the IT Act, 1961 (the Act). 2. The assessee is a retail trader in liquor. The sole issue that arises for my adjudication is whether the estimation of profit as a percentage of turnover should be 3% or 5%. The Ld. CIT(A) as well as the A.O referred to certain different orders of the....