Dwarka Pershad Radhey Ramanlal, Secunderabad Dy.Commissioner of Income Tax, Hyderabad

Last updated: 17 June 2021

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Quick Summary

This case involves an appeal by M/s. Dwarka Pershad Radhey Ramanlal against the Dy. Commissioner of Income Tax concerning the Assessment Year 2016-17. The Assessing Officer questioned the low net profit margin (1.54%) declared by the civil construction contractor on their turnover and rejected the books of accounts due to self-made expense vouchers, estimating profit at 8%. The CIT(A) upheld the Assessing Officer's jurisdiction but reduced the profit estimation to 6% of the turnover.

Court :
ITAT Hyderabad

Brief :
This is assessee’s appeal for the Asst. Year 2016-17 filed against the order of Commissioner of Income Tax (Appeals)-6,Hyderabad dt.7.6.2019.

Citation :
ITA No.1438/Hyd/2019

Daily Limit Reached