2019 (12) TMI 869

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....nsel Sri. K.V. Aravind accepts notice for the respondent. 2. The petitioner has assailed the order dated 26.09.2019 passed by the Assistant Commissioner of Income Tax at Annexure 'A' to the writ petition relating to the assessment year 2016-2017. The petitioner is assessed under the income tax Act, 1961, ("Act" for short). 3. The petitioner is engaged in the business of bar and restaurant in the....

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....l tax liability. The learned counsel made an endeavour to contend that in terms of the VAT returns submitted by the petitioner, the net profit was turnover Rs. 19,34,871/-; total turnover was Rs. 3,95,77,814/- and total purchase was Rs. 3,76,42,943/-. That being the situation, Rs. 3,79,70,200/- cannot be construed as the income of the petitioner. No reasonable opportunity was provided to the asses....