M/S. A B KNOWLEDGE SYSTEMS,,PUNE vs. INCOME-TAX OFFICER,,

In the result, the appeal of assessee is partly allowed

Bench: Ms. Sushma Chowla, Jm & Shri D. Karunakara Rao, Am आयकर अपीऱ सं. / Ita No.894/Pun/2016 यििाारण वषा / Assessment Year : 2012-13 M/S. Ab Knowledge Systems, 406, Lunkad Sky Station, Viman Nagar, अऩीऱाथी/Appellant Pune – 411014 …. Pan: Aarfa5025E Vs. The Income Tax Officer, …. प्रत्यथी / Respondent Ward 7(3), Pune

145(3) of the Act on this ground and estimated the profits by applying net profit margin rate of 25% and on such profits, allowed deduction under section 10A of the Act. [During the year under consideration, total receipts of SEZ unit were ₹ 7.84 crores on which after expenses the assessee had shown profit @ net profit ratio of 84% declaring