SHRI OM PARKASH LEGAL HEIAR SMT PUSHPA VERMA,JALANDHAR vs. INCOME TAX OFFICER WARD-1(3), JALANDHAR
In the result, the assessee’s appeal is dismissed
ITA 756/ASR/2017[2014-15]Status: DisposedITAT Amritsar31 Oct 2018AY 2014-15
Bench: Sh. Sanjay Arorai.T.A. No. 756/Asr/2017 Assessment Year: 2014-15
For Appellant: Sh. Ashray Sarna (C.A.)For Respondent: Sh. Charan Dass (D.R.)
Section 143(3)Section 145(3)Section 41(1)Section 41(1)(a)Section 68
68 addition. The contention, though not canvassed, is considered by way of abundant caution and, needless to add, in the interest of justice. To, however, find the same as not applicable in the instant case. The profit estimated is on the current year’s operations, estimating the net profit at 8% on the declared turnover of Rs. 87.81 lacs
