SHRI VIJAYPAL SINGH DAVDEKAR, Dewas V. THE ITO W-1(1), Dewas

ITA 294/IND/2015

• Counselvise Citation: 29422714 RSA 2015
• Duration Of Justice: 4 month(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 29-09-2015
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Assessment Year: 2010-2011
• Appeal Filed On: 06-05-2015
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: R A VERMA
• Assessee Lawyers: S S DESHPANDE

Judgement Text

VIJAYPAL SINGH ITA 294 OF 2015 1 IN THE INCOME TAX APPELLATE TRIBUNAL SMC BENCH, INDORE BEFORE SHRI B.C. MEENA, HONBLE ACCOUNTANT MEMBER ITA NO. 294/IND/2015 A.Y.2010-11 VIJAYPAL SINGH DAVDEKAR DEWAS PAN AGKPD 6479N ::: APPELLANT VS INCOME TAX OFFICER 1(1) DEWAS ::: RESPONDENT APPELLANT BY SHRI S.S. DESHPANDE RESPONDENT BY SHRI R.A. VERMA DATE OF HEARING 22 .9.2015 DATE OF PRONOUNCEMENT 2 9 .9.2015 O R D E R PER SHRI B.C. MEENA, AM THIS APPEAL FILED BY THE ASSESSEE EMANATES FROM THE ORDER OF THE LEARNED CIT(A), UJJAIN, DATED 19.1.2015. VIJAYPAL SINGH ITA 294 OF 2015 2 2. THE ASSESSEE IS AN INDIVIDUAL ENGAGED IN THE BUSINES S OF SALE AND PURCHASE OF LIQUOR. FOR THE ASSESSMENT YEAR UNDER CONSIDERATION THE ASSESSEE GOT LICENCE FOR SALE AND PURCHASE OF LIQUOR AT JALANDHAR (PUNJAB). THE ASSESSING OFFICER ESTIMATED THE PROFIT @ 5% ON THE TOTAL TURNOV ER/SALE OF LIQUOR AT RS. 2,17,25,083/- AND ADDED THE AMOUNT OF RS.7,31,059/- TO THE INCOME OF THE ASSESSEE. THE LE ARNED CIT(A) GRANTED PART RELIEF AND CONFIRMED THE ADDITION O F RS.4,52,638/-. 3. AFTER HEARING BOTH THE SIDES, WE HOLD THAT THE LE ARNED CIT(A) HAS GRANTED SUFFICIENT RELIEF TO THE ASSESSEE. NO FURTHER RELIEF IS POSSIBLE ON THE FACTS OF THE CASE. WE, THEREFORE, FIND NO MERIT IN THIS APPEAL OF THE ASSESSE E. 4. IN THE RESULT, THE APPEAL OF THE ASSESSEE STANDS DISMISSED. VIJAYPAL SINGH ITA 294 OF 2015 3 PRONOUNCED IN OPEN COURT ON 29 TH SEPTEMBER, 2015 SD (B.C. MEENA) ACCOUNTANT MEMBER 29 TH SEPTEMBER, 2015 DN/-