2026 (2) TMI 366

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..... DR ORDER PER NAVEEN CHANDRA, ACCOUNTANT MEMBER:- This appeal by the assessee is directed against the order of the ld. NFAC, Delhi dated 18.07.2024 pertaining to A.Y 2012-13. 2. Briefly stated, the facts of the case are that the assessee is engaged in the trading of live stock i.e. animals such as old buffalos, bulls, jhota and unused milkless animals. The assessee filed his return of....

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....ing. The ld AR also pointed out that similar addition made on the basis of Net Profit @ 2.75%, was deleted by the ITAT in the assessee's own case for AY 2014-15 in ITA 1046/Del/2018 vide order dated 24.10.2024. 5. Per contra the ld DR relied on the orders of lower authorities. 6. We have heard the rival submissions and have perused the relevant material on record. We are of the considered vi....