https://www.taxtmi.com/caselaws?id=192656 The court upheld the Income Tax Officer's assessments of the petitioner's net profit from a construction contract, emphasizing that it would not question the estimation but only review if the Commissioner applied his mind. The court deemed the charging of interest under various sections valid, rejecting the petitioner's argument for an opportunity to show cause against the levy. It emphasized that the burden to prove sufficient cause for interest reduction or waiver lies with the assessee, which the petitioner failed to do. The court found no grounds for interference and dismissed the petitioner's contentions, upholding the assessment orders without awarding costs. en-us Tue, 28 Oct 1975 00:00:00 +0530 Fri, 09 Jun 2017 17:13:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192656 The court upheld the Income Tax Officer's assessments of the petitioner's net profit from a construction contract, emphasizing that it would not question the estimation but only review if the Commissioner applied his mind. The court deemed the charging of interest under various sections valid, rejecting the petitioner's argument for an opportunity to show cause against the levy. It emphasized that the burden to prove sufficient cause for interest reduction or waiver lies with the assessee, which the petitioner failed to do. The court found no grounds for interference and dismissed the petitioner's contentions, upholding the assessment orders without awarding costs. Case-Laws Income Tax Tue, 28 Oct 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192656