PANCHSHEEL BUILDTECH PVT. LTD.,,NOIDA vs. DCIT, GHAZIABAD
Appeals are partly allowed
ITA 5087/DEL/2016[2009-10]Status: DisposedITAT Delhi22 Jun 2017AY 2009-10
Bench: Shri I. C. Sudhir & Shri O. P. Kanti.T. Appeal Nos. 5087 To 5091/Del/2016 Assessment Years : 2009-10 To 2013-14 Panchsheel Buildtech Pvt. Ltd., Dcit, H–169, Sector : 63, Vs. Central Circle, Noida [U.P.] Ghaziabad. Pan : Aaecp 3492 N A N D I.T. Appeal Nos. 5062 To 5066/Del/2016 Assessment Years : 2009-10 To 2013-14 Panchsheel Realtech Pvt. Ltd., Dcit, H–169, Sector : 63, Vs. Central Circle, Noida [U.P.] Ghaziabad. Pan : Aaecp 5726 F (Appellants) (Respondents) Assessee By : Shri Sanjay Mehra, C. A.; Department By : Ms. Paramita Tripathy, Cit [Dr]; Date Of Hearing : 27.03.2017 Date Of Pronouncement : 22.06.2017 O R D E R Per I. C. Sudhir, J. M. :
For Appellant: Shri Sanjay Mehra, C. AFor Respondent: Ms. Paramita Tripathy, CIT [DR]
Section 153A
section 143(3) has accepted the net profit of Rs.28,66,08,537/- on a turnover of Rs.4,01,15,91,110/- giving NP rate of 7.14%. It is a best comparable instance and accordingly we find it reasonable to apply
NP rate of 8% or such higher rate as declared by the assessee for estimating the net profit liable
