SAGARKUMAR ISHWARBHAI BHAVANI,MUMBAI vs. ITO, WARD-32(3)(3), MUMBAI

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: Shri Aby T. Varkey, Jm आयकर अपील सं/ I.T.A. No.75/Mum/2023 (निर्धारण वर्ा / Assessment Year: 2016-17) Sagarkumar Ishwarbhai बिधम/ Ito, Ward-32(3)(3) Bhavani Room No. 105, C-Wing, Vs. 1St Floor, Kautilya D-103 D-103, Amozan Park Ii Devki Nagar Link Road, Bhavan, Bkc, Bandra Borivali-West-400103. (E), Mumbai-400051. स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Agupb5616P (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) Assessee By: Shri Rakesh Joshi (Amicus Curiae) Revenue By: Shri Anil Gupta सुनवाई की तारीख / Date Of Hearing: 02/03/2023 घोषणा की तारीख /Date Of Pronouncement: 30/05/2023 आदेश / O R D E R Per Aby T. Varkey, Jm: This Is An Appeal Preferred By The Assessee Against The Order Of The Ld. Cit(A)/Nfac, Delhi Dated 16.12.2022 For Ay. 2016-17. 2. Grounds Raised By Assessee Are As Under: - “1. In The Facts & Circumstances Of The Case & In Law, The Ld. Ao Erred In Wrongly Holding That Service Tax Is Liable To Be Included In The Turnover For The Purpose Of Tax Audit Which Is Against The Definition Of Turnover As Per Institute Of Chartered Accountants Of India Guidelines. Without Prejudice To The Above 2. In The Facts & Circumstances Of The Case & In Law, The Ld. Ao Erred In Adding An Amount Of Rs.8,31,631/- By Adopting Arbitrary Rate Of Net Profit @ 15% While Computing Income As Per Normal Provisions Of The Act & Wrongly Holding That The Appellant Is Outside The Purview Of Section 44Ad & The Cit(A) Erred In Partly Confirming The Same.