ASHOK KUMAR,BHOJPUR vs. ITO, WARD-1, ARA

In the result, the appeal of the assessee is partly allowed as indicated above

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad

26,001/- on account of estimation of profit on the turnover of Rs.17.09 crores. 7. The ld. Assessing Officer on second page of the assessment order has recorded a specific finding that the assessee has expressed its inability to submit anything because according to the assessee, all its accounts have been lost and it does not have any document. Therefore

I.T.O. vs. M/S KUMAR CONSTRUCLTION,

In the result, the appeal of the Revenue is partly allowed