2026 (7) TMI 1569

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....Chobey, CA For the Revenue : Ms. Harpreet Kaur Hansra, Sr. DR ORDER PER SANJAY AWASTHI, ACCOUNTANT MEMBER: 1. This appeal arises from order dated 19.12.2025, passed u/s. 250 of the Income Tax Act, 1961 (hereafter as "the Act"), by NFAC, Delhi. In this case, there is considerable finding at the Ld. AO's level that the assessee has a publication business, whereby certain newspapers and m....

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....ing proposition and in case there was any surplus after meeting expenses then the same would be a very small amount. It was the submission that the Ld. AO was unjustified in assessing net profit at 15%, which was improbable in this line of business. It was the prayer by the assessee himself that he was old and not able to look after the tax matters properly at this stage. It was a further prayer t....