TMI Blog1985 (3) TMI 118X X X X Extracts X X X X X X X X Extracts X X X X ..... . JUDGMENT: The assessee is an Irrigation contractor and he had shown income from contract business at 6 per cent which the ITO has estimated at 10 per cent and the AAC has upheld that order. 2. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r of the AAC.
3. In my opinion, looking to the facts of the case, the estimate of income in this year should be made at 8 per cent.
4. The appeal is party allowed. X X X X Extracts X X X X X X X X Extracts X X X X
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