2025 (8) TMI 1031

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....RDER This assessee's appeal for Assessment Year 2012-13, arises against the CIT(A)/NFAC, Delhi's DIN & order No. ITBA/NFAC/S/250/2023-24/1056667256(1) dated 29.09.2023, in proceedings u/s 143(3) of the Income Tax Act, 1961 (in short "the Act"). 2. Heard both the parties at length. Case file perused. 3. Learned counsel at the outset submits during the course of hearing that his limited gri....

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....2,200/- since the appellant failed to demonstrate that these actually constituted sales of the items traded in made to existing persons. Therefore, this amount is not liable to taxed u/s 44AB of the IT Act but is liable to be taxed u/s 69A of the IT Act as held. Therefore, after having taxed it u/s 69A of the IT Act, the Profit offered by the appellant u/s 44AD of the IT Act is required to be redu....