2026 (7) TMI 493

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... : Shri Manish Tiwari, FCA ORDER PER RAJESH KUMAR, ACCOUNTANT MEMBER: This appeal preferred by the revenue is against the order of the Learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, (hereinafter referred to as the "ld. CIT(A)"], dated 27.06.2025 for the Assessment Year (AY) 2017-18. 2. The revenue has filed this appeal challenging the deletion of ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ircumstances of the case, Ld. CIT(A) erred in confirming the estimation of net profit by AO without rejecting the books of accounts of the respondent company. 3. That the respondent craves leave add, alter, adduce or amend any ground or grounds on or before the date of hearing." 4. Since the assessee has raised a legal issue under Rule 27 of ITAT Rules, 1963 that the ld. CIT(A) has err....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e of Rs. 75,27,370/- under normal provisions of Act and income of Rs. 35,90,791/- u/s 115JB of the Act. The return was revised by the assessee on 16.02.2018, declaring total income of Rs. 73,86,510/- under normal provisions of the Act and showing income of Rs. 35,90,791/- u/s 115JB of the Act. The case was selected for scrutiny under CASS and notices u/s 143(2) and 142(1) of the Act were issued to....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ome of the assessee was estimated by the Ao by applying @8% on the total turnover when there was part compliance on the part of the assessee. It is also disputed that during the assessment proceeding, the AO has not rejected the books of account and estimated the income of assessee by applying @8%, which is not permissible under the Act. In our opinion, where the income is estimated, the books of ....