Held that dismissing the appeal, the findings of the appellate authorities were concurrent in nature and had been arrived at based on the factual circumstances. The Tribunal was justified in deleting the addition made by the Assessing Officer by estimating the profit at 8 per cent. rejecting the books of account.(AY. 2013-14)
PCIT v. Backbone Projects [2023] 157 taxmann.com 303 / (2025) 483 ITR 190 (Guj)(HC)
S. 143(3): Assessment-Accounts-Rejection of books of account-Estimation of profits-Tribunal deleting addition to income by estimating profit-Justified.[S. 133(6), 144, 260A]
Leave a Reply