This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
ITAT Reduces Gross Margin on Unaccounted Cash Receipts to 6% Considering All Facts
Case Law Details
- Case Name
- Bimal Ravjibhai Patel Vs DCIT (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All ITAT, ITAT Ahmedabad
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Bimal Ravjibhai Patel Vs DCIT (ITAT Ahmedabad)
This case involves an appeal filed by the assessee challenging the order of the Commissioner of Income-tax (Appeals)-11, Ahmedabad, under Section 250 of the Income-tax Act, 1961, for the Assessment Year 2013-14. The primary grounds include disputing the validity of the notice issued under Section 148 and the subsequent assessment initiated under Section 147 of the Act. The assessee also contested the addition of ₹10,50,528, which was calculated by estimating a 12% profit on unaccounted receipts of ₹87,54,402 from the sale of plots. The grounds...
