DEPUTY COMMISSIONER OF INCOME TAX, GUNTUR vs APOORVA SAROVAR, KURNOOL
ITA 181/VIZ/2025[2018-19]Status: Disposed17 Apr 2026AY 2018-19Partly Allowed
The Tribunal noted that the Assessing Officer's calculation of the difference in turnover did not consider the turnover declared for all relevant assessment years. Following established judicial precedents, the Tribunal held that only the profit element of the unadmitted turnover should be taxed, not the entire amount. The Tribunal upheld the CIT(A)'s decision to estimate the net profit at 12% on the unadmitted turnover, considering it met the ends of justice. Regarding the Rs. 3,10,09,614/-, the Tribunal found that the CIT(A) had deleted this addition, and the Revenue's grounds against it lacked merit.
