2014 (7) TMI 1333

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ppeal by the assessee directed against the order dated 19/03/2006 of ld. CIT(A), Bikaner. 2. The following sole ground has been raised in this appeal: "On the facts and in the circumstances of the case, the ld. CIT(A) has erred in directing to apply net profit rate of 8.48% before allowing claim for depreciation, interest & remuneration to partners and interest paid to third parties  as ag .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ery Bench rendered in the case of M/s Ganesh Garhia Construction Co. Vs. ACIT for A.Y. 2004-05 in ITA No. 430/Jodhpur/2008 which was also corrected/rectified vide MA No. 04/JU/2013 vide order dated 02.05.2014. Accordingly, the order passed by the Tribunal on 31.12.2008 in this case was recalled and only to that extent the appeal was heard. The issue of payment of interest to third parties being cl .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X