2019 (5) TMI 1210

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....dent Through: None   O R D E R CM APPL. 22333/2019 (for exemption) in ITA 480/2019 1. Allowed, subject to all just exceptions. ITA 476/2019 & CM APPL. 22332/2019 (for delay) ITA 480/2019 7 CM APPL. 22334/2019 (for delay) 2. The present appeal is directed against an order dated 29th December 2017 passed by the Income Tax Appellate Tribunal ('ITAT') in ITA No. 2291/DEL/2015 fo....

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.... of inventories of finished goods could not be commented upon. Their net profit ratio was found to be 10.72% as compared to 15.19% in the earlier AY. Likewise, the explanation offered for AY 2011-12 was also not believed and a similar addition was deleted. 5. The AO rejected the explanation offered by the Assessee stating that it maintained excise records and that the note of the auditor was on....