SHRI, IQBAL AHMED GULAMBHAI ANSARI,VALSAD vs. ITO WARD-2, VALSAD, VALSAD
In the result, appeal of the assessee is allowed
ITA 294/SRT/2019[2010-11]Status: DisposedITAT Surat09 Dec 2021AY 2010-11
Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Hearing In Virtual Court) Shri Iqbal Ahmed Gulamnabi The Income Tax Officer, Ansari, Ward-2, Valsad. Vs Ayesha Bakery, Dhobi Talav, Shapur Nagar, Valsad. Pan: Aocpa 3493 H Assessee / Appellant Revenue /Respondent
Section 131Section 133(6)Section 143(2)Section 147Section 148Section 254(1)Section 44A
section 131 of the Act. As per the statement of assessee, the expenses for production of Pav
(Bakery item), out of 90 kilograms of Maida comes to Rs.2,100/- and the sale consideration on production of 90 kg of Maida is Rs.2,430/-, therefore, the profit of the assessee is Rs.13.58%. The AO, accordingly issued the show the profit