2026 (5) TMI 1413

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....espondent : Shri Vinod Pawar (virtual) ORDER PER DR. MANISH BORAD, ACCOUNTANT MEMBER : The captioned appeal at the instance of assessee pertaining to A.Y. 2019-20 is against the order dated 05.09.2025 framed by National Faceless Appeal Centre, Delhi passed u/s. 250 of the Income Tax Act, 1961 arising out of Assessment order dated 20.11.2023 passed u/s. 147 r.w.s.144 r.w.s.144B of the Act.....

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....t proceedings for A.Y. 2019-20, ld. Assessing Officer has estimated net profit @8% even when in the preceding four years the net profit rate of the assessee is ranging from 5 to 5.5%. Ld. Counsel for the assessee only prayed that the net profit of the assessee may please be estimated as per the past trend of Net Profit rate @5 to 5.5% and not 8% estimated by the Assessing Officer and confirmed by ....

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....ding four years, i.e. A.Y. 2016-17 to A.Y. 2018-19. During those years the books of account have been regularly audited and turnover is also ranging from Rs. 9.81 crore to Rs. 12.13 crore. Net profit rate as per the audited profit and loss account are ranging from 5 to 5.5%. Considering all these facts and the consistent net profit rate offered by the assessee in the past, we deem it appropriate t....