9911796707
TMI Blog2003 (4) TMI 22X X X X Extracts X X X X X X X X Extracts X X X X ..... llate authority had clearly stated that the assessee had not produced any material whatsoever to show that the gross profit on motor vehicles is only less than five per cent - Tribunal was justified in disposing of the appeal by stating that there is a delay of six days in filing the appeal before the Tribunal but the assessee has not explained the cause of delay to the satisfaction of the Tribuna ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n by the appellant cannot be accepted. The Assessing Officer had adopted 15 per cent. as gross profit which according to him is the normal profit in this line of business. The appellant, being aggrieved by the said order, filed appeal before the Commissioner of Income-tax (Appeals), Thiruvananthapuram. Though the case was posted on several occasions the appellant applied for adjournments. On many ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ndonation of delay. There also the assessee had sought for adjournment of the case on many occasions. The Tribunal has noted that though the first appellate authority had granted so many adjournments even on the last adjourned date the appellant did not appear. The Tribunal further noted that the appeal before the Tribunal itself was posted on so many occasions but the appellant had not appeared o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cord to show that the gross profit of four per cent. shown by the appellant represents the true position. It is on those circumstances, the Assessing Officer has taken the view that the normal gross profit in this line of business is 15% which is adopted for completing the assessment. Though an appeal was filed before the first appellate authority the assessee has not chosen to produce any documen ..... X X X X Extracts X X X X X X X X Extracts X X X X
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