Smt. Farida AB Kadar Memon, Pune V. Income-tax Officer, Ward - 5 (4), Pune

ITA 1653/PUN/2019

• Counselvise Citation: [2022] 105 COUNSELVISE.COM (IT) 1088 (ITAT-PUNE)
• Duration Of Justice: 2 year(s) 6 month(s) 25 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 25-05-2022
• Appeal Filed By: Assessee
• Order Result: PartlyAllowed
• Bench Allotted: SMC
• Assessment Year: 2004-2005
• Appeal Filed On: 30-10-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Gross profit estimation
• Section: 147; 144

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH “SMC”, PUNE BEFORE SHRI S. S. GODARA, JUDICIAL MEMBER आयकर अपील सं. / ITA Nos.1653 & 1654/PUN/2019 िनधाᭅरण वषᭅ / Assessment Years: 2004-05 & 2005-06 Smt. Farida AB Kadar Memon, Prop. M/s. Status Men’s Fashion, 352, Ghorpade Peth – 411042. PAN : ABNPM7071P Vs. ITO, Ward-5(4), Pune. Appellant Respondent आदेश / ORDER PER S. S. GODARA, JM: The assessee’s twin appeals ITA No.1653 & 1654/PUN/2019 for assessment years 2004-05 & 2005-06 arise from the CIT(A)-2 Pune’s common order dated 01.08.2019 passed in case no. PN/CIT(A)-2/ITO,Wd-4/PN/161,178/2016-17 involving proceedings u/s 144 r.w.s. 147 of the Income Tax Act, 1961; in short the Act. Cases called twice. None appears at assessee’s behest. She is accordingly proceeded ex-parte. 2. It transpires during the course of hearing and with the able assistance coming from the Revenue side that the assessee’s Assessee by : None Revenue by : Shri Arvind Desai Date of hearing : 24.05.2022 Date of pronouncement : 26.05.2022 ITA Nos.1653 & 1654/PUN/2019 2 identical sole substantive grievance on merits in these twin cases challenges correctness of both the lower authorities’ action estimating 15% GP on her alleged suppressed turnover pertaining to the business carried out under the name and style of “M/s Juice World” at Camp, Pune. The impugned identical addition has admittedly made on account of sales tax department (enforcement)’s survey action which finally culminated in section 148/147 mechanism set into motion followed by the estimation of GP at the rate of 15% which is in dispute in both these cases. 3. I have given my thoughtful consideration in assessee’s pleading and Revenue’s vehement contention reiterating their respective stands and find no reason to express agreement with either of them in entirety. The fact remains the assessee on one hand has claimed similar GP at the rate of 9% estimated by the sales tax department in F.Y. 2003-04 followed by her failure in filing all necessary details as against Revenue being unable to give any reasoning supporting the estimation herein at such an exorbitant profit ratio. Faced with this situation, I conclude that the a lump sum GP estimation @ 10% (ten percent) in both these assessment years shall be just and proper with a rider that the same shall not be treated as a precedent in any other case. Ordered accordingly. Necessary computation shall follow as per law. ITA Nos.1653 & 1654/PUN/2019 3 4. These assessee’s twin appeals are partly allowed in above terms. Order pronounced on this 26 th day of May, 2022. Sd/- (S. S. GODARA) JUDICIAL MEMBER पुणे / Pune; ᳰदनांक / Dated : 26 th May, 2022. Sujeet (DOC) आदेश कᳱ ᮧितिलिप अᮕेिषत / Copy of the Order forwarded to : 1. अपीलाथᱮ / The Appellant. 2. ᮧ᭜यथᱮ / The Respondent. 3. The CIT(A)-2, Pune 4. The Pr. CIT-3, Pune. 5. िवभागीय ᮧितिनिध, आयकर अपीलीय अिधकरण, “SMC” बᱶच, पुणे / DR, ITAT, “SMC” Bench, Pune. 6. गाडᭅ फ़ाइल / Guard File. आदेशानुसार / BY ORDER, // True Copy // Senior Private Secretary आयकर अपीलीय अिधकरण, पुणे / ITAT, Pune.