SINGHAL AGENCIES,AZAMGARH vs. INCOME TAX OFFICER, WARD - 3(4), AZAMGARH
In the result, appeal of the assessee is partly allowed
ITA 27/VNS/2023[2017-2018]Status: DisposedITAT Varanasi16 Oct 2023AY 2017-2018
Section 144Section 246ASection 270A
delay in filing of the appeal is condoned and the appeal is admitted for hearing.
4. In various grounds of appeal assessee has challenged firstly addition of Rs.2,09,403/- by applying net profit rate of 10% of alleged undisclosed receipts and secondly, upholding the addition of Rs.8,027/- on adhoc disallowance @10% of the overall ‘shop expenses’ claimed
