Rajendra Shankar Singhal v. ITO (2023)105 ITR 41 (SN)(Delhi)((Trib)

S. 143(3) : Assessment-Income from undisclosed sources-Estimate of profits-Suppressed sales-Assessing Officer is directed to adopt profit at 3.5 Per Cent. on suppressed sales. [S. 69C]

Held that  some leakage of revenue could not be ruled out. Keeping the fact in view that the Assessing Officer himself had accepted profit at 1.52 per cent. for the sales recorded in the books of account, the Assessing Officer was to adopt profit at 3.5 per cent. on the suppressed sales.(AY. 2015-16)

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