2026 (4) TMI 1318

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....endra Srivastava, Sr. DR ORDER PER M. BALAGANESH, A. M.: 1. The appeal in ITA No. 71/AGR/2026 for AY 2015-16, arises out of the order of the ld National Faceless Appeal Centre (NFAC), Delhi [hereinafter referred to as 'ld. CIT(A)', in short] dated 12.01.2026 against the order of assessment passed u/s 143(3) of the Income-tax Act, 1961 (hereinafter referred to as 'the Act') dated 30.12.201....

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....essment year 2015-16 was filed on 30-9-2015 declaring total income of Rs. 1,18,92,250. The assessment was completed under Section 143(3) of the Act on 30-12-2017 estimating the net profit of the Assessee at Rs. 2,32,64,681 at the rate of 1.25% of turnover after rejecting the books of accounts under Section 145(3) of the Act as against the returned net profit of Rs. 71,10,318 at the rate of 0.38% o....

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....ance on the order of this tribunal in Assessee's own case for assessment year 2013-14 dated 29-12-2025. 4. We find that this Tribunal in Assessee's own case for assessment year 2013-14 in ITA No. 342/Agr/2025 dated 29-12-2025 had determined the net profit percentage at (0:28) the rate of 0.5 percent of turnover. But we find that the said profit percentage cannot be directly applied for the ....