Assessee appeals under Section 143(3) of Income Tax Act, 1961

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Last updated: 22 May 2021
Quick Summary
This appeal concerns an assessee challenging an Income Tax Appellate Tribunal order. The core issue is the confirmation of an estimated income of 8% of gross receipts, which the assessee argues is too high given that much of the work was subcontracted. The assessee also contends that the profit rate should align with previous years accepted by the Department and that depreciation claims were wrongly disallowed.

Court :
ITAT Hyderabad

Brief :
This assessee’s appeal for the Asst. Year 2014-15 arises from the Commissioner of Income Tax (Appeals)-2, Hyderabad’s order dt.13.12.2017 passed in the case of Appeal  No.0013/CIT(A)-2/Hyd/2016-17 in the proceedings under Section 143(3) of Income Tax Act, 1961 (‘the Act’).

Citation :
ITA No.2014/Hyd/2018

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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