2023 (4) TMI 65

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ithu Dudhoria, Adv ORDER The Court :- We have heard learned standing Counsel for the appellant Mr. Prithu Dudhoria. Notice on the respondent has been served and the same has been returned with the postal endorsement "unclaimed" which is deemed to be proper service. We have perused affidavit filed in support of the petition and found sufficient cause has been shown for not being able to prefer t....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....see had been engaged in claiming bogus purchase and expense by accepting accommodation entries which were brought on record by the Assessing Officer and the Learned CIT (A) inasmuch as such reduction in estimation of Net Profit Percentage could not have been done by a person of Normal Prudence on such facts and materials brought and available on record especially when the assessee was found to hav....