2018 (8) TMI 2092 - SCH - Income Tax

G.P. addition - trading addition - admitted facts in the statement of Director u/s 132(4) - average GP rate which will be applied in the present case will be 12 per cent. - HELD THAT - Delay condoned. Leave granted.

Summary

The Supreme Court of India, in 2018, condoned delay and granted leave in a case where the respondent did not appear. Justices Rohinton Fali Nariman and Indu Malhotra presided over the case. Petitioner represented by Mr. Vikramjit Banerjee, ASG, Mr. Ayush Anand, Mr. Sanjai Kumar Pathak, Ms. Sadhana Sandhu, Mrs. Anil Katiyar, AOR.