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2020 (2) TMI 1312
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....ankar, Advocate Revenue By : Ms Neera Malhotra, CIT DR ORDER A. K. Garodia, This appeal at the instance of the Revenue is directed against the order passed by the CIT(A) - Mysuru dt. 31.01.2017. 2. Although the revenue has raised as many as six grounds but the grievance is only one about deletion of the addition of Rs. 755,93,125/- made by the AO on account of low G. P. and N.....
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....that in the present case also, the books are not rejected and the assessment is not framed u/s 144 and therefore, the estimated addition made by the AO is rightly deleted by CIT (A) and his order should be confirmed. 4. We have considered the rival submissions. We find that learned CIT (A) has followed the Judgment of Hon'ble Karnataka High Court rendered in the case of CIT vs. Anil Kumar & Co.....