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TMI Blog2012 (5) TMI 804X X X X Extracts X X X X X X X X Extracts X X X X ..... i Seshagiri Rao ORDER Per D. Karunakara Rao, Accountant Member: These two appeals by the Revenue are directed against similar but separate orders of the Commissioner of Income-tax (Appeals)-VI, Hyderabad dated 25.11.2011. Assessment years involved are 2007-08and 2008-09 respectively in the two appeals under consideration. Since a common issue is involved, both these appeals are bei ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er by adopting the profit margin as 30% and added the difference to the income of the assessee as suppressed turnover. In the case of M/s. Shiva Ganga Wines, the assessing officer computed the turnover by adopting the profit margin as 27% and added the difference to the income of the assessee as suppressed turnover. 4. On appeal, the CIT(A), by the orders impugned, by following the decision of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... unal relied upon by the CIT(A), in their recent orders in similar cases, as in ITA No.1997/Hyd/2011 CO No.28/Hyd/2012 in the case of M/s. Lakshmi Srinivasa Wines, Nalgonda and others, vide order dated30.3.2012, to which one of us, viz. the Accountant Member is a party. In this view of the matter, following the consistent view taken by this Tribunal, we find no infirmity in the impugned orders of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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