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Gross Profit Addition Reduced to 2% Based on Past Scrutiny Records & Comparable Cases: ITAT Pune
Case Law Details
- Case Name
- Rajesh Trading Company Vs CIT(A)/NFAC (ITAT Pune)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
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Rajesh Trading Company Vs CIT(A)/NFAC (ITAT Pune)
Gross Profit Addition Reduced to 2% Considering Past Scrutiny Records and Comparable Cases: ITAT Pune
The assessee, a partnership firm engaged in wholesale trading of tobacco and non-tobacco products of ITC Ltd., appealed against the order of the National Faceless Appeal Centre dated 24.09.2025 for Assessment Year 2017-18. The return declaring income of Rs.6,00,390 was selected for complete scrutiny. During assessment under Section 143(3), the Assessing Officer found shortcomings including non-maintenance of quantitative record...



