https://www.taxtmi.com/caselaws?id=242688 The Appellate Tribunal ITAT Hyderabad recalled and decided the order in response to the appeal by the assessee regarding the estimation of income percentages for different types of contracts. The Tribunal upheld the order of the CIT(A) on profit rates and dismissed the Revenue's appeal based on the Assessee's previous case. The Tribunal directed the Assessing Officer to estimate income percentages based on contract types and clarified the limited scope of rectification under section 254(2), ultimately dismissing the assessee's Miscellaneous Application. en-us Thu, 04 Jul 2013 00:00:00 +0530 Sun, 19 Jan 2014 16:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242688 The Appellate Tribunal ITAT Hyderabad recalled and decided the order in response to the appeal by the assessee regarding the estimation of income percentages for different types of contracts. The Tribunal upheld the order of the CIT(A) on profit rates and dismissed the Revenue's appeal based on the Assessee's previous case. The Tribunal directed the Assessing Officer to estimate income percentages based on contract types and clarified the limited scope of rectification under section 254(2), ultimately dismissing the assessee's Miscellaneous Application. Case-Laws Income Tax Thu, 04 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242688