THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(2), AHMEDABAD vs. N K PROTEINS PRIVATE LIMITED, AHMEDABAD
In the result, the appeal of the Revenue is dismissed
ITA 547/AHD/2022[2015-16]Status: DisposedITAT Ahmedabad23 Jun 2025AY 2015-16
Bench: Dr. B.R.R. Kumar, Vice-Shri T.R. Senthil Kumarn.K. Proteins Pvt. Ltd., Acit, Vs. 7Th Floor, Popular House, Central Circle-1(2) Ashram Road, Ahmedabad Ahmedabad Pan : Aaacn 9377 N (Appellant) .. (Respondent) Assessee By : Shri Vartik Chokshi, Ar Revenue By: Shri V. Nandakumar, Cit-Dr & Shri Kavan Limbasiya, Sr Dr Date Of Hearing 17.03.2025 & 19.06.2025 Date Of Pronouncement 23.06.2025
For Appellant: Shri Vartik Chokshi, ARFor Respondent: Shri V. Nandakumar, CIT-DR &
Section 143(3)Section 14ASection 250Section 3Section 40A(2)(b)
Section 40A(2)(b) of the Act.
11.1
Before the Ld. CIT(A), the assessee has contended that related parties have purchased similar goods from third parties and after considering, their commission, freight and other charges, bills were raised to assessee company. There is only marginal increase in purchase price of third party while making sale invoice to the assessee