![]() TH E AO NOTICED THAT APART FROM SELLING LIQUOR THE ASSESSEE STARTED SELLING F OOD ALSO IN A MAJOR WAY DURING THE RELEVANT PREVIOUS YEAR AND THEREFORE THE GP MARGIN OUGHT TO HAVE BEEN MUCH HIGHER THAN 17.81% THAT WAS DECLARED IN AY 2014-15. THE AO WAS OF THE VIEW THAT BOOKS OF ACCOUNTS WERE FULL OF INCONSISTENCIES. 631/BANG/2019 PAGE 2 OF 7 COMPARED TO THE GP DECLARED BY THE ASSESSEE OF 17.8 1% IN THE IMMEDIATELY PRECEDING AY VIZ. THE AO NOTICED THAT THE GP DECLARED BY THE ASSESSEE FOR THE AY 201 5-16 WAS RS.24 00 940 ON TURNOVER OF RS.2 71 87 495 WHICH WA S ONLY 8.83% ITA NO. FOR THE AY 2015-16 THE ASSESSEE FILED A RETURN OF INCOME DECLARING A TOTAL INCOME OF RS.4 5 2 180. IT IS ENGAG ED IN THE BUSINESS OF RUNNING A BAR AND RESTAURANT. IN GROUND NOS.2 & 3 THE ASSESSEE HAS CHALLENGE D THE ADDITION ON ACCOUNT OF GROSS PROFIT (GP) IN THE BUSINESS OF SAL E OF FOOD BY THE ASSESSEE AND THE BUSINESS OF LIQUOR BY THE ASSESSEE. ![]() 2019 O R D E R THIS APPEAL BY THE ASSESSEE IS AGAINST THE ORD ER DATED OF THE CIT(APPEALS) MANGALURU RELATING TO ASSESSM ENT YEAR 2015-16. APP ELLANT RESPONDENT APP ELLANT BY : SHRI NARENDRA SHARMA ADVOCATE RESPONDENT BY : SHRI GANESH R. THE INCOME TAX OFFICER WARD 1(3) MANGALORE. KAVERI BAR & RESTAURANT NO.7-5-628/8 BOLOOR MANGALORE. IN THE INCOME TAX APPELLATE TRIBUNAL SMC - A BENCH : BANGALORE BEFORE SHRI N.V.
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