2024 (9) TMI 784

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..... for the assessment years 2014-15 to 2016-17 and, therefore, there is no justification in estimating the profit at 8% applying section 44AD - HELD THAT:- Best judgment assessment was made under 144 of the Act as assessee could not file the requisite details. The assessee contends that the action of the AO for estimating the income at 8% of turnover as per provisions of section 44AD since the provi .....

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..... e accordingly. Appeal of the assessee is partly allowed. - Shri Challa Nagendra Prasad, Judicial Member For the Assessee : Shri Mayank Patawari, CA For the Revenue : Shri Om Parkash, Sr. DR ORDER This appeal is filed by the assessee against the order of the Ld.CIT(Appeals), Moradabad dated 10/12/2018 for the AY 2015-16. In the grounds of appeal the assessee challenged the order of the Ld.CIT(A) .....

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..... of the authorities below. 4. Heard rival submissions, perused the orders of the authorities below. On perusal of the assessment order it is noticed that assessment was completed u/s 144 of the Act as the assessee could not respond to the notices. Best judgment assessment was made under 144 of the Act as assessee could not file the requisite details. The assessee contends that the action of the AO .....

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