Bench: Hon’Ble Shri Satbeer Singh Godara, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita No.6/Agr/2024 (िनधा"रणवष" / Assessment Year: 2017-18) Mahamaya Boora Udyog Ito Ward 2(1)(2) बनाम/ 15/469, Kali Bari Road Agra Vs. Noori Darwaja, Agra – 282 003 "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaxfm-1475-G (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri Gaurav Goyal (Ca) – Ld. Ar " थ"कीओरसे/Respondent By : Shri Shailendra Shrivastava – Ld. Sr. Dr सुनवाईकीतारीख/Date Of Hearing : 12-02-2025 घोषणाकीतारीख /Date Of Pronouncement : 12-02-2025

demonetization period was to be considered as normal business receipts and similar rate of 8% would apply on the same. 4. On the rate of profit, the assessee furnished comparative chart which is extracted on Page No.14 of the impugned order. It could be seen that the assessee reflected net profit before depreciation