Dismissing the appeal of the revenue the Court held that ; Rejection of books account and assessment at presumptive rate of tax was held to be not justified .
CIT v. Shandong Tiejun Electric Power Engineering Co. Ltd. (2018) 400 ITR 371 (Guj) (HC)
S. 44BBB : Foreign companies – Civil construction – Presumptive taxation-Percentage completion method -Rejection of books account and assessment at presumptive rate of tax was held to be not justified [ S.44AA(2) ]