Bench: Shri George Mathan & Shri Ratnesh Nandan Sahay(Hybrid Hearing) Shri Kirtiman Singh, D.C.I.T., 357/A, Professor Colony, Karam Toli, Circle-2, Vs. Behind Abhilasha Building, Morabadi, Ranchi. Ranchi-834001. Pan No. Awmps 5592 F Appellant/ Assessee Respondent/ Revenue
1. For that ld. AO made an estimate of profit at 10% which was reduced to 8% by ld. CIT(A). The turnover of Rs.2,00,97,709/- was accepted. The appellant has maintained audited books of accounts which was verifiable in past, the book result disclosed was accepted. Ld. AO was, therefore, not justified in making an estimate