1954 (10) TMI 4

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....YAR JUDGMENT MEHR CHAND MAHAJAN, C. J.----This appeal concerns the same assessee as Appeal No. 217 of 1953 and relates to the assessment of its profits for the years 1945-46 and 1946-47, the account years being 1943-44 and 1944-45. The facts and circumstances relating to these assessments are the same as have been stated in our judgment in Appeal No. 217 of 1953, and it is unnecessary to re-....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Rs. 8,06,830 and in 1945, Rs. 8,77,800. The Income-tax Officer estimated these figures at Rs. 31,73,830 and Rs. 33,32,800 by estimating the rate of profit at 33 1/3 per cent. on sales, whereas the appellant has shown a gross profit at the rate of 20 per cent. and 19 per cent. respectively. On appeal, the Appellate Assistant Commissioner confirmed this order. On further appeal to the Tribunal, the ....