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TMI Blog2017 (2) TMI 1366X X X X Extracts X X X X X X X X Extracts X X X X ..... of fact accepted the gross profit rate at 6 per cent. Shri Gaurav Mahajan has not been able to point out any specific evidence or ground raised in the appeal which may suggest that the gross profit rated adopted by the Tribunal is either perverse or based on no evidence. As such, the findings recorded by the Tribunal is in accordance with law and does not require any interference. Allowing tel ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... interference. - revenue appeal dismissed. - Income Tax Appeal No. - 661 of 2012 - - - Dated:- 27-2-2017 - Bharati Sapru And Saumitra Dayal Singh JJ. For the Appellant : Manu Ghildyal ORDER Heard Shri Manu Ghildyal, learned counsel for the appellant and Shri Aloke Kumar and Shri G.P. Srivastava, learned counsel for the respondent. This appeal has been filed by the department un ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of trading liability was not from trading activity. The Assessing Authority had applied a gross profit of 15 per cent on the turnover of the assessee. On appeal the CIT (Appeals) had partly allowed the appeal without disturbing the gross profit. A further appeal before the Tribunal it was contended on behalf of the assessee that in the period prior to the year under consideration, the asses ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Insofar as the question no.'D' is concerned, again the Tribunal after considering the material and evidence on record has reached the conclusion in para 8.1, which reads as hereunder: Having heard parties with reference to material on record as well as the written submissions by appellant as also the Assessing Officer himself having admitted in the questionnaire dated 22/12/2006 r ..... X X X X Extracts X X X X X X X X Extracts X X X X
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