M/s Manohar Lal Surinder Kumar, Muktsar V. CIT, Ludhiana

ITA 502/CHANDI/2011

• Counselvise Citation: 50221514 RSA 2011
• Duration Of Justice: 11 month(s) 9 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 18-04-2012
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 10-04-2012
• Assessment Year: 2003-2004
• Appeal Filed On: 09-05-2011
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: MANJEET SINGH
• Assessee Lawyers: ASHOK KUMAR GOYAL
• Section: 143(3)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL CHANDIGARH BENCH A, CHANDIGARH BEFORE MS. SUSHMA CHOWLA, JUDICIAL MEMBER AND SHRI MEHAR SINGH, ACCOUNTANT MEMBER ITA NOS.502 TO 504/CHD/2011 (ASSESSMENT YEARS : 2003-04 TO 2005-06) MANOHAR LAL SURINDER KUMAR, VS. THE CIT, 100, NEW GRAIN MARKET, (CENTRAL), MUKTSAR. LUDHIANA. PAN: AABFM4767B (APPELLANT) (RESPONDENT) APPELLANT BY : SHRI ASHOK KUMAR GOYAL RESPONDENT BY : SHRI MANJEET SINGH, D.R. DATE OF HEARING : 11.04.2012 DATE OF PRONOUNCEMENT : 18.04.2012 O R D E R PER SUSHMA CHOWLA, J.M, : THESE THREE APPEALS FILED BY THE ASSESSEE ARE AGAIN ST THE ORDER OF THE COMMISSIONER OF INCOME-TAX (CENTRAL), LUDHIANA DATED 10.03.2011 RELATING TO ASSESSMENT YEARS 2003-04 TO 2005-06 AGA INST THE ORDER PASSED UNDER SECTION 143(3) OF THE INCOME TAX ACT, 1961. 2. THE ASSESSEE HAD MOVED AN APPLICATION DATED 11.4 .2012 FOR WITHDRAWAL OF THE APPEAL. THE REVENUE HAS NO OBJEC TION TO THE SAID WITHDRAWAL OF APPEAL. IN VIEW THEREOF, THE APPEAL OF THE ASSESSEE IS DISMISSED AS WITHDRAWN. 3. IN THE RESULT, ALL THE THREE APPEALS OF THE ASSE SSEE ARE DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 18 TH DAY OF APRIL, 2012. SD/- SD/- (MEHAR SINGH) (SUSHMA CHOWLA) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED : 18 TH APRIL, 2012 RATI COPY TO: THE APPELLANT/THE RESPONDENT/THE CIT(A)/TH E CIT/THE DR. TRUE COPY BY ORDER ASSISTANT REGISTRAR, ITAT, CHANDIGARH 2 3 1. THAT THE WORTHY COMMISSIONER OF INCOME TAX (APPEALS), LUDHIANA HAS ERRED IN REJECTING THE BOOK S OF ACCOUNTS U/S 145(3) OF THE INCOME TAX ACT AND THEREBY APPLYING THE GROSS PROFIT RATE OF 17% INSTEAD OF 12.38% DISCLOSED BY THE ASSESSEE.