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2022 (2) TMI 587 - AT - Income TaxRejection of book results - estimated the profit from the contract receipt @ 8% on the total contract receipt - HELD THAT:- Since the assessee in the instant case has already declared the net profit of 2.31% on the contract receipt as per the finding given by the CIT(A) himself therefore, respectfully following case RUPA PROMOTERS PVT. LTD. & OTHERS [2012 (9) TMI 326 - ITAT DELHI] and MADHAV PROPCON PVT. LTD. [2015 (7) TMI 445 - ITAT DELHI] we hold that no further addition is called for on account of the contract receipt from PACL. Accordingly, the order of the CIT(A) is set aside and the grounds raised by the assessee are allowed.
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