2018 (2) TMI 1881

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....ent : Shri Parin Shah, A.R. ORDER PER N.K. BILLAIYA, ACCOUNTANT MEMBER 1. ITA Nos. 2220 & 2221/Ahd/2015 are two separate appeals by the Assessee preferred against two separate orders of the Ld. CIT(A)-7, Ahmedabad dated 19.05.2015 pertaining to A.Y. 2009-10 & 2010-11. 2. Both these appeals were heard together and are disposed of by this common order for the sake of convenience and brev....

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....income was assessed after making a minor addition on account of fall in gross profit. 5. Penalty proceedings u/s. 271(1)(c) were separately initiated. The assessee was asked to show cause why penalty should not be levied on the amount disclosed by Shri Pranshankar Sompural in his statement recorded at the time of survey operations. In its reply, the assessee stated that it has offered the discl....

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....010. The returned income was accepted as such after making a minor addition on account of low G.P. rate. Notice u/s. 148 is dated 01.03.2013. Therefore, it cannot be said that the assessee has included certain income in the return filed pursuance to the notice u/s. 148 of the Act. Moreover, the assessee did not file any fresh return but instead stated that the return already filed should be treate....