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TMI Blog2020 (1) TMI 1063X X X X Extracts X X X X X X X X Extracts X X X X ..... as per profit and loss account no such addition of 2% came to be made, held that appeal was bereft of merit and accordingly rejected the same. Gross profit declared by the assessee at 5.33% on the sales turnover, which was found by the assessing officer to be considerably low on comparison basis namely in comparison with other traders, who are in the same line of business and as such addition ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Income Tax Appellate Tribunal (for short ITAT ) in ITA No.1051/Bang/2018 relating to assessment year 2014-15 whereunder appeal filed by the assessee came to be dismissed by upholding addition of 2% gross profit by the assessing officer during the course of assessment proceedings. 3. Assessee is carrying on the business of wines under the name and style of M.B.Wines . For the assessmen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nding that said addition could not have been made particularly in the backdrop of books of accounts having not been rejected. Commissioner of Income Tax (Appeals) (for short CIT(A) ) by order dated 28.09.2017- Annexure-C rejected the appeal by arriving at a conclusion that no appeal lies against a agreed assessment and it was also observed by the appellate Commissioner that neither in the grounds ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... before the tribunal and reiterated before us, would also not come to the rescue of appellant, inasmuch as, facts obtained in both the cases are entirely different namely in the case of M/s. Mamata Enterprises vs. ACIT rendered by the tribunal in ITA Nos.1185 1186/Bang/1993 dated 19.02.2002 it was noticed by the tribunal that assessee had been pressurized by the department and this fact was recor ..... X X X X Extracts X X X X X X X X Extracts X X X X
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