2018 (12) TMI 1524

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....hale ORDER P.C.: 1. Since issues are similar, we may record the facts from Tax Appeal No.681 of 2016. 2. The Revenue has challenged the judgment of Income Tax Appellate Tribunal ("the Tribunal" for short) dated 13th March, 2015. Following questions are presented for our consideration: "(i) Whether on the facts and circumstances of the case and in Law, the Hon'ble ITAT was justified in ac....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... on the grounds that the assessee had made sales at low rates and in some cases sales were to nonexisting parties. 4. The Tribunal in the impugned judgment examined relevant material on record and came to the conclusion that the Assessing Officer was not justified in rejecting the book results. The Tribunal also gave detailed reasons why the action of the Assessing Officer in comparing gross prof....