2025 (3) TMI 2273

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....(DR) ORDER PER SATBEER SINGH GODARA, JM This Revenue's appeal for assessment year 2014-15, arises against the Commissioner of Income Tax (Appeals)-37 [in short, the "CIT(A)"], New Delhi's order dated 17.01.2020 passed in case no. CIT(A), Delhi-37/10010/2016-17, involving proceedings under section 143(3) of the Income-tax Act, 1961 (hereinafter referred to as 'the Act'). 2. Case called ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e AO invoked the provisions of section 145 (3) of the Act and rejected the books of accounts. The AO estimated the NP rate@8% and made an addition of Rs. 1,82,39,020/- to total income of the appellant. In appeal the action of the AO was upheld by the CIT(A) and addition made of Rs. 1,82,39,020/- by applying NP rate@8% was confirmed. 7.8 In view of the facts and respectfully following the ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....llant. Addition to the extent of Rs. 1,16,09,160/- made by the AO is confirmed and consequent relief is allowed to the appellant. The AO is directed to recompute the income by adopting NP rate @8% on Gross receipts. The Grounds of appeal no. 1, 2 and 3 are partly allowed." 4. We have given our thoughtful consideration to both parties' respective stands and perused the case file. We find no meri....