2013 (12) TMI 1001

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..... % cost of sales made by them - the CIT(A) directed the Assessing Officer to determine the profit @ 5% of the cost of the goods sold - There was no infirmity in the orders of the CIT(A) – Decided against Revenue. - ITA No. 1739/Hyd/2012, 1741/Hyd/2012, 1743/Hyd/2012, 1745/Hyd/2012, 1750/Hyd/2012 - - - Dated:- 21-3-2013 - SHRI CHANDRA POOJARI AND SHRI SAKTIJIT DEY, JJ. For the Appellant : Shr .....

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..... rs, none appeared on behalf of the assessee-respondents, though only in respect of Shri D.Srinivasa Reddy(respondent in ITA No.1741/Hyd/2012) there was appearance. Not even an adjournment petition has been received from these four assessee-respondents. Hence, we have heard the Learned Departmental Representative and proceed to dispose of these four appeals ex-parte qua the assessee-respondents. .....

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..... mpugned order of the CIT(A) is in consonance with the consistent view taken by the coordinate benches of the Tribunal in similar matters, we do not find any infirmity in the impugned orders of the CIT(A). We accordingly uphold the same, rejecting the grounds of the Revenue in these appeals. 5. In the result, all the five appeals of the Revenue are dismissed. Order pronounced at the conclusion .....

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