MANORAMA DEVI,SAMBALPUR vs. DCIT,CIRCLE1(1), SAMBALPUR

IN THE INCOME TAX APPELLATE TRIBUNAL, IN THE INCOME TAX APPELLATE TRIBUNAL, IN THE INCOME TAX APPELLATE TRIBUNAL, CUTTACK BENCH, CUTTACK BEFORE BEFORE SHRI GEORGE MATHAN, JUDICIAL JUDICIAL MEMBER AND MANISH AGARWAL MANISH AGARWAL, ACCOUNTANT MEMBER , ACCOUNTANT MEMBER ITA Nos.200 & 201/CTK/20 /CTK/2024 Assessment Years : 2014-15 & 2015 15 & 2015-16 Manorama Manorama Devi, Devi, C/O. C/O. Vs. DCIT, Circle DCIT, Circle-1(1), Harshaverdhan Harshaverdhan Jhunjhunwala, Jhunjhunwala, Sambalpur Bungalow No.A 5 & 6, Lane Bungalow No.A 5 & 6, Lane-A, Balaji Greens, Near Tangrapali Balaji Greens, Near Tangrapali Bridge, Ainthapali, Sambalpur Bridge, Ainthapali, Sambalpur PAN/GIR No. No.ABPPD 6262 M (Appellant (Appellant) .. ( Respondent Respondent) Assessee by Assessee by : Shri Ramesh Kumar Patodia & H.V.Jhunjhunwala, Ramesh Kumar Patodia & H.V.Jhunjhunwala, Advs Revenue by : Shri S.C.Mohanty, Sr S.C.Mohanty, Sr DR Date of Hearing : 25/7 7/2024 Date of Pronouncement : 25/7 25/7/2024 CORRIGENDUM An inadvertent typographical error has An inadvertent typographical error has crept crept-in the order of the Tribunal dated 25th July, 2024 in ITA Nos.200 & 201/CTK/2024 for the Tribunal dated 25 July, 2024 in ITA Nos.200 & 201/CTK/2024 for the assessment years assessment years 2014-2015 and 2015-16 that while disposing of the while disposing of the captioned appeal captioned appeals in cause title the assessment year 2014 cause title the assessment year 2014-15 has not been mentioned and in p mentioned and in para 10 in line 7, the profit percentage as applied by the 7, the profit percentage as applied by the AO is mentioned at 5 AO is mentioned at 5% as against 8%. The error is rectified as under: The error is rectified as under: “In cause title, the Assessment Years be read as “In cause title, the Assessment Years be read as “In cause title, the Assessment Years be read as “2014-14 & 2015- 16” Para 10 of the order be read as under: Para 10 of the order be read as under:

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ITA Nos.200 & 201/CTK/2024 Assessment Years : 2014-15 & 2015-16

“10. In appeal in ITA No.201/CTK/2024 filed for the assessment year 2015-2016, the facts are identical to the appeal in ITA No.200/CTK/2024 decided by us hereinabove, wherein we have directed the AO to apply the net profit rate of 2.25% as against the net profit rate applied by the AO @ 5% in that year. In view of the above, in this appeal also, we direct the AO to apply the net profit rate @2.25% on the total turnover declared by the assessee at Rs.13,29,60,450/- as against 8% applied by the AO. We order accordingly.” 2. Order dated 25.7.2024 stands modified to this extent. Sd/- sd/- (George Mathan) (Manish Agarwal) JUDICIAL MEMBER ACCOUNTANT MEMBER Cuttack; Dated 14/08/2024 B.K.Parida, SPS (OS) Copy of the Order forwarded to : 1. The Appellant : Manorama Devi, C/O. Harshaverdhan Jhunjhunwala, Bungalow No.A 5 & 6, Lane-A, Balaji Greens, Near Tangrapali Bridge, Ainthapali, Sambalpur 2. The Respondent: DCIT, Circle-1(1), Sambalpur 3. The CIT(A)- NFAC, Delhi 4. Pr.CIT, Sambalpur 5. DR, ITAT, 6. Guard file. By order //True Copy// Sr.Pvt.Secretary, ITAT, Cuttack

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