2026 (4) TMI 323

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....ent Represented : Shri Sanjib Banerjee, Sr. DR ORDER PER: BENCH 1. This is the appeal filed by the assessee against the order of the ld. CIT(A), NFAC, Delhi in Appeal No. NFAC/2014-15/10270396 dated 05/09/2025 for the A.Y. 2015-16. 2. Shri K.R. Mohapatra, ld. A.R. appeared on behalf of the assessee and Shri Sanjib Banerjee, ld. Sr. DR represented on behalf of the revenue. 3. It was ....

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....ing of the books and the income was shown less than 10%. Similarly, for the A.Y. 2023-24, the income was shown at less than 10%. It was submission that the income of the assessee estimated at 25% is far to high and the assessee does not make such margins. 4. In reply, ld. Sr. DR vehemently supported the orders of the Assessing Officer and ld. CIT(A). It was the submission that the estimation of....