2026 (8) TMI 1557

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....IT ORDER PER PADMAVATHY.S, A.M: This appeal by the assessee is against the order of the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre (NFAC), Delhi, (in short "CIT(A)") passed u/s. 250 of the Income Tax Act, 1961 (in short "the Act") dated 21.02.2026 for Assessment Year (AY) 2017-18. 2. The assessee is an individual engaged in the business of BPCL dealership and ....

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....3,08,028/- and sustain the disallowance made an adhoc at 10%. The assessee is in appeal before the Tribunal against the order of the CIT(A). 3. The Ld. Authorized Representative (AR) of the assessee submitted that the profit margin of the assessee is consistently in the range of 0.2% to 1.66% and the GP of the assessee is in the range of 1.92% to 2.40%. The Ld. AR accordingly submitted that the....

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....22/- on the ground that the assessee could not properly substantiate a portion of the expenses. The CIT(A) sustained the said disallowance. The contention of the Ld. AR is that the assessee's business is characterized by high volume of transactions and that the assessee has consistently disclosed a profit margin ranging from 0.20% to 1.66% and GP ranging from 1.92% to 2.40%. It is, therefore, ....