In the result, the appeal filed by the assessee is allowed
Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकरअपीलसं./Ita No.2126/Ahd/2016 ("नधा"रणवष" / Ay.: (2013-14) Shri Bipinchandra Hiralal Thakkar, Vs. Income Tax Officer, Plot No.60/61, Hari Ichha Society, Ward-1(2)6, Surat. Udhna Bhestan Road, Surat-394210. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aawpt1432D (Assessee) (Respondent)
gains of business on presumptive basis’ and declared the profit more than @ 8% as per the provisions of law therefore other additions made by the assessing officer to the tune of Rs.11,59,064/- (Interest expense amounting to Rs.10,12,346 + Job work expenses of Rs.1,46,718/- u/s.40(a)(ia) of the Act ) should be deleted. 3. The appeal