ACIT, PAOTA C ROAD vs. VARAHA INFRA LIMITED, PAOTA B ROAD

In the result, the appeal of the revenue is dismissed

Bench: Dr. S. Seethalakshmi & Shri Rathod Kamlesh Jayantbhaithe Acit Vs M/S. Vardha Infra Ltd. Room No. 215, Aayakar Bhawan 6 Jalam Vilas Scheme Paota C Road, Jodhpur Paota B Road, Jodhpur (Appellant) (Respondent) Pan No. Aaccv 7972 K

short Act ]. 2. The grounds of following raised by the revenue in this appeal reads as follows: ‘’1. Whether in the facts and circumstances of the case, the Id. CIT(A) is justified in estimating net profit @0.11% and ignoring that the AO has categorically held that 70% of expenses Rs. 46,25,75,450/- not subject