SHRI OM PRAKASH SINGH,MATHURA vs. ACIT CIRCLE-3, AGRA

In the result appeal is partly allowed

Bench: Shri Sudhanshu Srivastava & Dr. Mitha Lal Meena

131/- which was reduced to Rs. 1,14,80,575/- by Ld. CIT(A) and Rs. 3,00,00,000/-in respect of advance received from M/s Easyway 4. On appeal, the Ld. CIT (A), confirmed the action of the learned Assessing officer on principals, reduced the N.P rate from 12% to 8% placing reliance upon ITAT, Agra Bench order

HARDAYAL MILK PRODUCTS PRIVATE LIMITED,SHIKOHABAD vs. DCIT, CIRCLE-2(2)(1), FIROZABAD, FIROZABAD

In the result, the appeal preferred by the assessee is partly