Estimation of 8% is higher than preceding AY: ITAT remanded matter

Chandan Singh Rana Vs CIT(Appeals) (ITAT Delhi)

In the case abovementioned ITAT Delhi remanded the matter to AO for fresh adjudication after observing that there is difference in estimation in previous AY.

AO made addition of Rs. 22,89,114/- by estimating 8% of the gross receipts from sale of Airtel recharge coupons. AO, further, made addition of Rs.2,22,376/- u/s. 69A on account of difference between the amount deposited in the account from sales and the amount transferred to Aircel.

CIT (A) confirmed the additions.

It was argued on behalf of assessee that in

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