This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
GP Estimation Based Solely on Subsequent Years’ GP Rate Not Justified: ITAT Allahabad
Case Law Details
- Case Name
- Jai Bajrang Gur Bhandar Vs ITO (ITAT Allahabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Allahabad
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Jai Bajrang Gur Bhandar Vs ITO (ITAT Allahabad)
The Income Tax Appellate Tribunal (ITAT), Allahabad partly allowed the assessee’s appeal against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC) dated 08.11.2023, which had confirmed the addition of ₹12,25,364 by applying the gross profit (GP) rate of the subsequent assessment year (AY 2018-19) to AY 2017-18. The appeal was confined to the enhancement of gross profit, as the additions relating to estimated net profit and Section 69A had already been deleted by the CIT(A).
The ...
Author Info
