JAMNA DASS NIKKAMAL JAIN SARAF PRIVATE LIMITED, LUDHIANA,LUDHIANA vs. THE DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE 1, LUDHIANA, LUDHIANA

In the result, the appeal filed by Revenue is dismissed and the appeal filed by the Assessee is allowed

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

274/-made by the AO on account of enhanced GP rate on the basis of specific findings given by the AO during the course of assessment proceedings and its purported findings in this behalf have been arrived at by ignoring the relevant material and/or by taking into consideration irrelevant and/or extraneous material and/or are otherwise arbitrary un reasonable and perverse