INCOME TAX OFFICER, WARD 1(2), RAIPUR vs. MESERS SATYANARAYAN NATHULAL, TILDA-NEORA
In the result appeal of the revenue is allowed for statistical purposes
ITA 178/RPR/2018[2014-15]Status: DisposedITAT Raipur31 May 2022AY 2014-15
Bench: Shri Ravish Sood & Shri Rathod Kamlesh Jayantbhaiआयकर अपील सं. / Ita No. 178/Rpr/2018 "नधा"रण वष" / Assessment Year : 2014-15 Income Tax Officer-1(2) Raipur (C.G) .......अपीलाथ" / Appellant बनाम / V/S. M/S Satyanarayan Nathulal Gandhi Chowk, Tilda-Neora Dist: Raipur (C.G) Pan : Aakfs1487K ……""यथ" / Respondent Assessee By : Shri Ravi Agrawal Revenue By : Shri Debashish Lahiri
For Appellant: Shri Ravi AgrawalFor Respondent: Shri Debashish Lahiri
Section 131Section 133ASection 254(4)
254,480,514
491,750,163
Increase in Sales
328.26%
193.24%
from last year
Gross Profit
5,734,302
7,192,251
10,600,080
Net Profit
284,339
454,178
554,820
G.P Ratio
7.40%
2.83%
2.16%
N.P. Ratio
0.37%
0.18%
0.11%
Considering above facts and justification, it is clear that assessee had not made any bogus purchase