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2016 (7) TMI 1474 - AT - Income TaxNon maintenance of books of accounts - estimation of profit in respect of sub contract works and contract works - CIT(A) has restricted the disallowance in respect of sub contract works at 7% to 5% and in respect of main contracts 12.5% to 9%. - Assessee is a civil contractor and also carried sub contracts - Held that:- Both the A.O. as well as CIT(A) stated that the assessee is not able to file full details and proper books of accounts. We find that estimation has to be based on facts and circumstances of the each case. In the present case, the estimation restricted by the Ld. CIT(A) as against the order of the A.O., we find it just and reasonable, there is no reason to interfere with the order passed by the CIT(A). Thus this appeal filed by the revenue is dismissed.
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