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Pradnya Bhogale
COU BOMBAY
TION
2017
The Principal Commissioner of Income Tax-25 S ..Appellant
..Appellant
vs.
Pinaki D. Panani ..Respondent
…........
Mr. Nirmal C. Mohanty for Appellant.
Mr. Rahul K. Hakani for Respondent.
…........
CORAM : NITIN JAMDAR &
M.S.KARNIK, JJ.
P.C.:-
The Appellant challenges the order passed by the
Income Tax Appellate Tribunal dated 19.12.2016 in Income Tax
Appeal No.119/Mum/2015 and C.O. No.117/Mum/2015 for
Assessment Year 2009-10.
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Sprofitcomes
profit comestoto5.66
5.66%.%.Therefore,
Therefore,considering
considering5.66
5.66%%ofof
Rs.3,70,78,125/- which comes to Rs.20,98,621.88 we
think it fit to direct the revenue to add Rs.20,98,621.88
as gross profit and make necessary deductions
accordingly. Accordingly, the said question is answered
partially
Spartiallyininfavour
favourofofthe
theassessee
assesseeand
andpartially
partiallyininfavour
favour
of the revenue.”
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