D.K.SRIVASTAVA, SUSHMA CHOWLA
Bebo Technologies (P. ) Ltd. , Mohali – Appellant
Versus
Joint Commissioner of Income-tax – Respondent
Ms. Sushma Chowla, Judicial Member - Out of these four appeals, three appeals filed by the same assessee are against the different orders of CIT(A), Chandigarh dated 28.11.2008, 25.9.2009 and 26.2.2010 relating to assessment years 2005-06 to 2007-08 respectively against the orders passed under section 143(3)of the I.T. Act, 1961. The Revenue has also filed an appeal in ITA No.116/Chd/2010 relating to assessment year 2005-06 against which the assessee has filed Cross objection being C.O. No. 22/Chd/2010.
2. All the appeals/cross objection relating to the same assessee and appeal of the Revenue having similar grounds were heard together and are being disposed of by this consolidated order for the sake of convenience.
3. The assessee in ITA No. 1115/Chd/2008 relating to assessment year 2005-06 has raised the following grounds of appeal:-
1. That the Ld. CIT(A) has further erred in holding that the assessee's reasonable profit for the period 1.10.2004 to 31.1.2005 is the cost + @ 17% as against the profit shown at 49% merely on the suspicious premise holding it to be mode of computation of excessive profit which is arbitrary and unjustified.
2. That the Ld. CIT(A) has further erred in
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