AO finds assessee involved in unaccounted sales without payment of excise duty

Last updated: 22 September 2021
Quick Summary
The Income Tax Appellate Tribunal Pune Bench dismissed an appeal by the Revenue. The Assessing Officer (AO) had found the assessee involved in clandestine removal of goods without paying excise duty, leading to an addition of over Rs. 5 crore for unaccounted sales. However, the CIT(A) restricted this addition to 4% of the sales value, following previous tribunal orders. The Revenue appealed this restriction, but the Tribunal upheld the CIT(A)'s decision.

Court :
ITAT Pune

Brief :
This appeal by the Revenue is directed against the order passed by the ld. CIT(A)-1, Aurangabad on 10-01-2018 in relation to the assessment year 2011-12.

Citation :
ITA No.586/PUN/2018

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1 Year PLAN
1999
(Excl. of GST ₹359)

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3499
(Excl. of GST ₹629)

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