2018 (12) TMI 1524

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..... ame to the conclusion that the Assessing Officer was not justified in rejecting the book results. The Tribunal also gave detailed reasons why the action of the Assessing Officer in comparing gross profit of other entities engaged in the same business was not justified or correct. We also notice that the CIT appeals had also given substantial relief to the assessee. - Income Tax Appeal No.681 of 2 .....

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..... of nonexisting parties at lower rates just to reduce profit? (ii) Whether on the facts and circumstances of the case and in Law, the Hon'ble ITAT was correct in shifting the burden, to prove the sales at low rates to the AO, which is primarily of the assessee and allowed relief to the assessee even when assessee did not discharge its onus of proving the unverifiable sales at low rates? .....

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