OM PARKASH vs. COMMISSIONER OF INCOME TAX-1 AAYAKAR BHAWAN JALANDHAR
ITA/338/2019HC Punjab & Haryana30 Mar 2022
Bench: MR. JUSTICE TEJINDER SINGH DHINDSA,MR. JUSTICE PANKAJ JAIN
Section 133(6)Section 145(3)Section 41(1)Section 41(1)(a)Section 44A
Section 145(3) of the Act. The Assessee vide letter dated
16th November, 2016 filed through the Ld. Counsel, submitted that the
assessment be completed by calculating NP rate of 8% of gross turnover
since the turnover of the firm is below Rs.1.00 Crore as provided u/s 44AD
of the Act. Net profit rate of 8% was accordingly applied
