2012 (5) TMI 804

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....ant by: Smt. Nivedita Biswas Respondent by: Shri V. Srinivas And Shri Ravi Seshagiri Rao ORDER Per D. Karunakara Rao, Accountant Member: 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 2007-08and 2008-09 respectively in the two appeals under consid....

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....ing officer computed, in the case of M/s. Sri Matha 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 appe....