2012 (5) TMI 803

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....was Respondent by : Shri Ravi Seshagiri Rao, Shri V.Srinivas ORDER D.Karunakara Rao, These two appeals by the Revenue are directed against similar but separate orders of the Commissioner of Income-tax(Appeals)- VI, Hyderabad dated 25.11.2011. Assessment years involved are 2007-08 and 2008-09 respectively in the two appeals under consideration. Since a common issue is involved, both the....

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.... Wines, the turnover by adopting the profit margin as 30% and added the difference to the income of the assessee as suppressed turnover. In the case of M/s.Shiva Ganga Wines, the assessing officer computed the turnover by adopting the profit margin as 27% and added the difference to the income of the assessee as suppressed turnover. 4. On appeal, the CIT(A), by the orders impugned, by following....