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TMI Blog2013 (8) TMI 290X X X X Extracts X X X X X X X X Extracts X X X X ..... s regards assessment years 1992-93 to 1994-95 the departmental appeals were dismissed and application of 8% profit rate was held to be reasonable and the present appeal is in respect of assessment year-1997-98 and the question decided by the learned Tribunal is one and the same - Decided against Revenue. - D.B. IT Appeal No. 52 of 2008 - - - Dated:- 20-3-2013 - Ajay Rastogi And Arun Bhansali, J ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... business. An appeal came to be preferred by the assessee to the Commissioner of Income Tax (Appeals)-III, Jaipur ['CIT(A)'] and rate of profit was reduced to 8% and also the interest from FDRs was directed to be taxed under the head "Income from Business and Profession". Against the order of the CIT(A) dt.31.03.2003 appeal came to be preferred by the department before the Tribunal. However, the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .03.2006 was received by the appellant on 12.06.2006 and the appeal was filed on 09.10.2006 which according to the appellant is within the period of limitation of 120 days and there was no delay in filing the appeal but it has not been supported by any documentary evidence on record and the certified copy of order impugned dt.24.03.2006 does not indicate as to when it was made available/supplied t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssessment years 1992-93 to 1994-95 the departmental appeals were dismissed and application of 8% profit rate was held to be reasonable and the present appeal is in respect of assessment year-1997-98 and the question decided by the learned Tribunal is one and the same. After hearing counsel for appellant and going through the material on record, what is being decided by the learned Tribunal under ..... X X X X Extracts X X X X X X X X Extracts X X X X
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