https://www.taxtmi.com/caselaws?id=266147 The Tribunal set aside the CIT(A) decision in a tax case involving a joint venture awarded a road widening contract. The rejection of books of account and income estimation at 4% of turnover were deemed unjustified due to insufficient reasoning. The issue of double taxation from subcontracting work was raised but not fully addressed. Additionally, the addition of bank interest received lacked detailed analysis. The Tribunal remanded the case to the Assessing Officer for a comprehensive review, emphasizing the necessity of providing adequate justifications for decisions and addressing all raised issues in a speaking order. en-us Wed, 20 May 2015 00:00:00 +0530 Sat, 17 Oct 2015 23:27:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266147 The Tribunal set aside the CIT(A) decision in a tax case involving a joint venture awarded a road widening contract. The rejection of books of account and income estimation at 4% of turnover were deemed unjustified due to insufficient reasoning. The issue of double taxation from subcontracting work was raised but not fully addressed. Additionally, the addition of bank interest received lacked detailed analysis. The Tribunal remanded the case to the Assessing Officer for a comprehensive review, emphasizing the necessity of providing adequate justifications for decisions and addressing all raised issues in a speaking order. Case-Laws Income Tax Wed, 20 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266147