2025 (3) TMI 1693

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....n, Sr. D.R. ORDER PER SANJAY GARG, JUDICIAL MEMBER:- The present appeal has been filed by the Assessee against the order passed by the Learned Commissioner of Income Tax (Appeal)-Valsad [hereinafter referred to as "CIT(A)"] dated 28.06.2017 arising from the order passed u/s. 271(1)(c) of the Income Tax Act, 1961 (here-in-after referred to as "the Act") relevant to the Assessment Year 2014....

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.... above submissions, the delay if any, in filing the present appeal, is hereby condoned. 4. Now, coming to the merits of the case, during the survey action carried out at the premises of the assessee, the assessee made a statement and agreed to offer GP (gross profit) @ 18% of the turnover. However, in the return of income, the assessee offered the GP @ 17.19%. The Assessing Officer observed tha....