https://www.taxtmi.com/caselaws?id=205437 The case involved an appeal under Section 260-A of the Income Tax Act, 1961 regarding a civil sub-contractor's scrutiny assessment. The Assessing Officer estimated net profit at 8.17%, based on the previous year's assessment. The Commissioner of Income Tax (Appeals) directed acceptance of the books' result, disagreeing with certain adjustments. The Tribunal upheld the CIT (A)'s decision, rejecting the AO's addition of Rs. 39,82,680. The court upheld the profit rate application of 5.55%, dismissing the appellant's arguments against CBDT guidelines and the previous year's profit rate basis. The appeal was ultimately dismissed with no substantial question of law found. en-us Wed, 11 Aug 2010 00:00:00 +0530 Sat, 04 Jun 2011 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205437 The case involved an appeal under Section 260-A of the Income Tax Act, 1961 regarding a civil sub-contractor's scrutiny assessment. The Assessing Officer estimated net profit at 8.17%, based on the previous year's assessment. The Commissioner of Income Tax (Appeals) directed acceptance of the books' result, disagreeing with certain adjustments. The Tribunal upheld the CIT (A)'s decision, rejecting the AO's addition of Rs. 39,82,680. The court upheld the profit rate application of 5.55%, dismissing the appellant's arguments against CBDT guidelines and the previous year's profit rate basis. The appeal was ultimately dismissed with no substantial question of law found. Case-Laws Income Tax Wed, 11 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205437